PPP Loan information for A c electric corporation

$588,600

A c electric corporation was initially approved for PPP Loan of amount $588,600, the current approved amount is $588,600. The loan was approved on 04/06/2020 by The Norway Savings Bank reported 43 jobs and $588,600 was used to fund payroll.

A c electric corporation is Existing or more than 2 years old

PPP Loan Search / ME / AUBURN / A c electric corporation

A C ELECTRIC CORPORATION

Date Approved

04/06/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

A C ELECTRIC CORPORATION

Borrower Address

120 Merrow Rd

Borrower City

AUBURN

Borrower State

ME

Borrower Zip

04210-8896

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

588600.00

Current Approval Amount

588600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29763

Servicing Lender Name

Norway Savings Bank

Servicing Lender Address

261 Main St

Servicing Lender City

NORWAY

Servicing Lender State

ME

Servicing Lender Zip

04268-5915

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AUBURN

Project County Name

ANDROSCOGGIN

Project State

ME

Project Zip

04210-8896

CD

ME-02

Jobs Reported

43

NAICS Code

811310

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

588600.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

29763

Originating Lender

Norway Savings Bank

Originating Lender City

NORWAY

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

593421.68

Forgiveness Date

02/10/2021

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