LANCE SMITH, INC (VT) - 2020 PPP Loan Borrower Profile (# 5409037110)

Updated on April 18, 2025.

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

5409037110

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$849,704

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$859,365.02

Date Loan was Forgiven

Jun 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

70,809

Payroll Proced

637,278

Rent Proceed

70,808

Health Care Proceed

70,809

Lender

NBT Bank, National Association

Business Detail

Business Type

Corporation

NAICS

711219

Borrower Location

COLCHESTER, VT

Project Location

COLCHESTER, VT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.