ALVELO ENTERPRISES LLC (MA) - 2020 PPP Loan Borrower Profile (# 2851937206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALVELO ENTERPRISES LLC. 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

2851937206

SBA Office Code

0101

Processing Method

PPP

Curent Loan Amount

$230,207

Date Loan was Approved

Apr 16, 2020

Amount Forgiven

$232,458.61

Date Loan was Forgiven

Apr 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,500

Payroll Proced

190,442

Mortgage Interest Proceed

29,665

Health Care Proceed

7,600

Lender

The Lowell Five Cent Savings Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

561730

Borrower Location

DANVERS, MA

Project Location

DANVERS, MA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.