ALVELO ENTERPRISES LLC (MA) - 2020 PPP Loan Borrower Profile (# 4704698408)

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

4704698408

SBA Office Code

0101

Processing Method

PPS

Curent Loan Amount

$214,740

Date Loan was Approved

Feb 6, 2021

Amount Forgiven

$217,216.86

Date Loan was Forgiven

Apr 7, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

214,737

Lender

The Lowell Five Cent Savings Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

115112

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.