BARRE AREA DEVELOPMENT INC. (VT) - 2020 PPP Loan Borrower Profile (# 7129248300)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BARRE AREA DEVELOPMENT 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 Vermont.

Loan Detail

Loan Number

7129248300

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$13,877

Date Loan was Approved

Jan 27, 2021

Amount Forgiven

$13,978.76

Date Loan was Forgiven

Oct 27, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

13,877

Lender

Northfield Savings Bank

Business Detail

Business Type

501(c)6 ¿ Non Profit Membership

NAICS

926110

Borrower Location

Barre, VT

Project Location

Barre, VT

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.