EVOLUTION WIRELESS INC. (RI) - 2020 PPP Loan Borrower Profile (# 6941247300)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to EVOLUTION WIRELESS 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 Rhode Island.

Loan Detail

Loan Number

6941247300

SBA Office Code

0165

Processing Method

PPP

Curent Loan Amount

$1,001,479.55

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$1,010,287.08

Date Loan was Forgiven

Apr 2, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

Payroll Proced

751,109.66

Mortgage Interest Proceed

Rent Proceed

250,369.89

Health Care Proceed

Debt Interest Proceed

Lender

American Express National Bank

Business Detail

Business Type

Corporation

NAICS

443142

Borrower Location

East Providence, RI

Project Location

East Providence, RI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

190

Business Age Description

Existing or more than 2 years old

Data Source: SBA.