Fads USA INC

$331,800 PPP Loan in Longmeadow, Massachusetts

Loan Details

Loan Number
9494457000
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$331,800
Current Approval
$331,800
Forgiveness Amount
$336,445
Forgiveness Date
Sep 7, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Fads USA INC
Address
10 Bliss Rd
ZIP Code
01106-1420
Business Type
Corporation
Industry (NAICS)
Real Estate and Rental and Leasing (533110)
Franchise
Fred Astaire Dance Studios
Business Age
Existing or more than 2 years old
Jobs Reported
23
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MA-01

Loan Use Breakdown

Payroll
$248,900
Rent
$16,000
Utilities
$3,400
Health Care
$22,400
Debt Interest
$41,100

Lender Information

Servicing Lender
Blue Ridge Bank, National Association
Originating Lender
Blue Ridge Bank, National Association

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