Sterling Machine Company INC

$494,000 PPP Loan in Lynn, Massachusetts

Loan Details

Loan Number
7747538301
Date Approved
Jan 28, 2021
Loan Status
Paid in Full
Initial Approval
$494,000
Current Approval
$494,000
Forgiveness Amount
$498,575
Forgiveness Date
Jan 6, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Sterling Machine Company INC
Address
23 Farrar St
City
Lynn
ZIP Code
01901-1601
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332721)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$6.4M
Rural/Urban
Urban
Congressional District
MA-06

Loan Use Breakdown

Payroll
$493,995
Utilities
$1

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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