ALS THERAPY DEVELOPMENT INSTITUTE (MA) - 2020 PPP Loan Borrower Profile (# 8772797102)
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
8772797102
SBA Office Code
0101
Processing Method
PPP
Curent Loan Amount
$896,400
Date Loan was Approved
Apr 15, 2020
Amount Forgiven
$906,395.47
Date Loan was Forgiven
Jun 9, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Payroll Proced
896,400
Lender
SVB, A Division of First-Citizens Bank and Trust Company
Business Detail
Business Type
Non-Profit Organization
NAICS
813212
Borrower Location
CAMBRIDGE, MA
Project Location
CAMBRIDGE, MA
Rural/Urban
Urban
Hubzone
Yes
Labor Market Information (LMI)
Yes
Jobs Reported
53
Business Age Description
Existing or more than 2 years old
Data Source: SBA.