FRANCO INDUSTRIAL SUPPLY CORP (RI) - 2020 PPP Loan Borrower Profile (# 7165627809)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FRANCO INDUSTRIAL SUPPLY CORP. 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

7165627809

SBA Office Code

0165

Processing Method

PPP

Curent Loan Amount

$27,018

Date Loan was Approved

Jun 3, 2020

Amount Forgiven

$27,322.97

Date Loan was Forgiven

Jul 29, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

27,018

Lender

Santander Bank, National Association

Business Detail

Business Type

Corporation

NAICS

423830

Borrower Location

CRANSTON, RI

Project Location

CRANSTON, RI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.