PPP Loan information for Absolute electric company

$67,500

Absolute electric company was initially approved for PPP Loan of amount $67,500, the current approved amount is $67,500. The loan was approved on 01/27/2021 by The Marquette Savings Bank reported 6 jobs and $67,500 was used to fund payroll.

Absolute electric company is Existing or more than 2 years old

PPP Loan Search / PA / Meadville / Absolute electric company

ABSOLUTE ELECTRIC COMPANY

Date Approved

01/27/2021

SBA Office Code

0358

Processing Method

PPS

Borrower Name

ABSOLUTE ELECTRIC COMPANY

Borrower Address

10624 Townline Rd

Borrower City

Meadville

Borrower State

PA

Borrower Zip

16335-9387

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

67500.00

Current Approval Amount

67500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

87473

Servicing Lender Name

Marquette Savings Bank

Servicing Lender Address

920 Peach St

Servicing Lender City

ERIE

Servicing Lender State

PA

Servicing Lender Zip

16501-1404

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Meadville

Project County Name

CRAWFORD

Project State

PA

Project Zip

16335-9387

CD

PA-16

Jobs Reported

6

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

67496.00

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

Subchapter S Corporation

Originating Lender Location Id

87473

Originating Lender

Marquette Savings Bank

Originating Lender City

ERIE

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

52474.78

Forgiveness Date

02/02/2022

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