Ecological Fibers INC

$1,700,000 PPP Loan in Lunenburg, Massachusetts

Loan Details

Loan Number
9730577004
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,700,000
Current Approval
$1,700,000
Forgiveness Amount
$1,718,039
Forgiveness Date
May 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ecological Fibers INC
Address
40 Pioneer Dr
ZIP Code
01462-1663
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (322220)
Business Age
Existing or more than 2 years old
Jobs Reported
154
Estimated Revenue
$152.7M
Rural/Urban
Urban
Congressional District
MA-03

Loan Use Breakdown

Payroll
$1,400,000
Rent
$110,000
Utilities
$190,000

Lender Information

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

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