ARCHIMEDIC, INC. (MA) - 2020 PPP Loan Borrower Profile (# 5158987205)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARCHIMEDIC, 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

5158987205

SBA Office Code

0101

Processing Method

PPP

Curent Loan Amount

$512,600

Date Loan was Approved

Apr 27, 2020

Amount Forgiven

$517,459.17

Date Loan was Forgiven

Apr 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,500

Payroll Proced

440,579

Rent Proceed

70,521

Lender

Meridian Bank

Business Detail

Business Type

Corporation

NAICS

339112

Borrower Location

WALTHAM, MA

Project Location

WALTHAM, MA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.