Merrimac Spool & Reel Co., Inc.
$295,000 PPP Loan in Haverhill, Massachusetts
Loan Details
- Loan Number
- 8431907002
- Date Approved
- Apr 8, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $295,000
- Current Approval
- $295,000
- Forgiveness Amount
- $296,729
- Forgiveness Date
- Nov 19, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Merrimac Spool & Reel Co., Inc.
- Address
- 203 Essex St
- City
- Haverhill
- State
- Massachusetts
- ZIP Code
- 01832-5540
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Manufacturing (339920)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 26
- Estimated Revenue
- $7.3M
- Rural/Urban
- Urban
- Congressional District
- MA-03
Loan Use Breakdown
- Payroll
- $221,250
- Utilities
- $24,585
- Health Care
- $24,582
- Mortgage Interest
- $24,582
Lender Information
- Servicing Lender
- Pentucket Bank
- Originating Lender
- Pentucket Bank
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