500 ENTERPRISES INC (MA) - 2020 PPP Loan Borrower Profile (# 1833847107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 500 ENTERPRISES 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 Massachusetts.

Loan Detail

Loan Number

1833847107

SBA Office Code

0101

Processing Method

PPP

Curent Loan Amount

$788,652

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$798,398.86

Date Loan was Forgiven

Jul 9, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

8,500

Payroll Proced

625,152

Mortgage Interest Proceed

Rent Proceed

135,000

Refinance EIDL Proceed

Health Care Proceed

20,000

Debt Interest Proceed

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

441110

Borrower Location

Framingham, MA

Project Location

Framingham, MA

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.