PPP Loan information for Axis electric inc

$420,735

Axis electric inc was initially approved for PPP Loan of amount $420,735, the current approved amount is $420,735. The loan was approved on 04/08/2020 by The People's Bank of Commerce reported 30 jobs and $420,735 was used to fund payroll.

Axis electric inc is Existing or more than 2 years old

PPP Loan Search / OR / ALBANY / Axis electric inc

AXIS ELECTRIC INC

Date Approved

04/08/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

AXIS ELECTRIC INC

Borrower Address

1980 FESCUE ST SE #A

Borrower City

ALBANY

Borrower State

OR

Borrower Zip

97322-7093

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

420735.00

Current Approval Amount

420735.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122606

Servicing Lender Name

People's Bank of Commerce

Servicing Lender Address

1311 E Barnett Rd

Servicing Lender City

Medford

Servicing Lender State

OR

Servicing Lender Zip

97504

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ALBANY

Project County Name

LINN

Project State

OR

Project Zip

97322-7093

CD

OR-04

Jobs Reported

30

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

315552.00

Mortgage Interest Proceed

105183.00

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

122606

Originating Lender

People's Bank of Commerce

Originating Lender City

Medford

Originating Lender State

OR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

413154.40

Forgiveness Date

11/19/2020

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