LORRAINE FABRICS, INC. (RI) - 2020 PPP Loan Borrower Profile (# 6252257809)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to LORRAINE FABRICS, INC.. 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 Rhode Island.
Loan Detail
Loan Number
6252257809
SBA Office Code
0165
Processing Method
PPP
Curent Loan Amount
$26,800
Date Loan was Approved
Jun 1, 2020
Amount Forgiven
$27,047.16
Date Loan was Forgiven
May 5, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Payroll Proced
26,800
Lender
Bank Rhode Island
Business Detail
Business Type
Corporation
NAICS
451130
Borrower Location
PAWTUCKET, RI
Project Location
PAWTUCKET, RI
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
Yes
Jobs Reported
5
Business Age Description
Existing or more than 2 years old
Data Source: SBA.