ALS THERAPY DEVELOPMENT INSTITUTE (MA) - 2020 PPP Loan Borrower Profile (# 5862308908)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ALS THERAPY DEVELOPMENT INSTITUTE. The PPP program was intended to provide incentives for small businesses to keep their workers on payroll.
You can see similar information for other borrowers in Massachusetts.
Loan Detail
Loan Number
5862308908
SBA Office Code
0101
Processing Method
PPS
Curent Loan Amount
$739,875
Date Loan was Approved
Apr 30, 2021
Amount Forgiven
$745,978.97
Date Loan was Forgiven
Mar 7, 2022
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
739,871
Lender
SVB, A Division of First-Citizens Bank and Trust Company
Business Detail
Business Type
Non-Profit Organization
NAICS
813212
Borrower Location
Watertown, MA
Project Location
Watertown, MA
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
57
Business Age Description
Existing or more than 2 years old
Data Source: SBA.