ABSTRACT TOOL, INC. (CT) - 2020 PPP Loan Borrower Profile (# 7102147102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABSTRACT TOOL, INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Connecticut.

Loan Detail

Loan Number

7102147102

SBA Office Code

0156

Processing Method

PPP

Curent Loan Amount

$38,258

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$38,486.5

Date Loan was Forgiven

Nov 30, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,013

Payroll Proced

32,334

Rent Proceed

3,911

Lender

Essex Savings Bank

Business Detail

Business Type

Corporation

NAICS

333514

Borrower Location

DEEP RIVER, CT

Project Location

DEEP RIVER, CT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.