ARMAND P. MICHAUD INS AGENCY INC (MA) - 2020 PPP Loan Borrower Profile (# 6774397301)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARMAND P. MICHAUD INS AGENCY 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

6774397301

SBA Office Code

0101

Processing Method

PPP

Curent Loan Amount

$89,227

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$90,146.16

Date Loan was Forgiven

May 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

11,153.38

Payroll Proced

66,920.24

Rent Proceed

11,153.38

Lender

Celtic Bank Corporation

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

524210

Borrower Location

Methuen, MA

Project Location

Methuen, MA

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.