ADA MAGALHAES (CT) - 2020 PPP Loan Borrower Profile (# 2380998702)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADA MAGALHAES. 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

2380998702

SBA Office Code

0156

Processing Method

PPP

Curent Loan Amount

$8,376.67

Date Loan was Approved

Mar 28, 2021

Amount Forgiven

$8,435.31

Date Loan was Forgiven

Dec 8, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

8,376.67

Lender

Avidia Bank

Business Detail

Business Type

Sole Proprietorship

NAICS

561740

Borrower Location

Putnam, CT

Project Location

Putnam, CT

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.