SOMALABS INC. (VT) - 2020 PPP Loan Borrower Profile (# 8816568505)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to SOMALABS 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

8816568505

SBA Office Code

0150

Processing Method

PPS

Curent Loan Amount

$56,090.25

Date Loan was Approved

Mar 10, 2021

Amount Forgiven

$56,721.84

Date Loan was Forgiven

Apr 27, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

56,090.25

Lender

Cambridge Savings Bank

Business Detail

Business Type

Corporation

NAICS

424990

Borrower Location

Fairfax, VT

Project Location

Fairfax, VT

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.