Merrimack Valley Systems, Inc.

$872,500 PPP Loan in Methuen, Massachusetts

Loan Details

Loan Number
6299227100
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$872,500
Current Approval
$872,500
Forgiveness Amount
$884,594
Forgiveness Date
Sep 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Merrimack Valley Systems, Inc.
Address
15 Aegean Dr, Unit 3
ZIP Code
01844-1558
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Construction (238220)
Business Age
Existing or more than 2 years old
Jobs Reported
93
Estimated Revenue
$29.4M
Rural/Urban
Urban
Congressional District
MA-03

Loan Use Breakdown

Payroll
$762,800
Rent
$36,000
Utilities
$18,800
Health Care
$54,900

Lender Information

Servicing Lender
Enterprise Bank and Trust Company
Originating Lender
Enterprise Bank and Trust Company

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