LOVEJOY TOOL CO (VT) - 2020 PPP Loan Borrower Profile (# 7891967005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to LOVEJOY TOOL CO. 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

7891967005

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$366,850

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$368,860.14

Date Loan was Forgiven

Nov 12, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

366,850

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Corporation

NAICS

333515

Borrower Location

SPRINGFIELD, VT

Project Location

SPRINGFIELD, 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.