PPP Loan information for Downing electric, inc.

$236,800

Downing electric, inc. was initially approved for PPP Loan of amount $236,800, the current approved amount is $236,800. The loan was approved on 04/08/2020 by The Avidia Bank reported 17 jobs and $236,800 was used to fund payroll.

Downing electric, inc. is Existing or more than 2 years old

PPP Loan Search / MA / HUDSON / Downing electric, inc.

DOWNING ELECTRIC, INC.

Date Approved

04/08/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

DOWNING ELECTRIC, INC.

Borrower Address

90 CHERRY ST

Borrower City

HUDSON

Borrower State

MA

Borrower Zip

01749-2814

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

236800.00

Current Approval Amount

236800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32883

Servicing Lender Name

Avidia Bank

Servicing Lender Address

42 Main St

Servicing Lender City

HUDSON

Servicing Lender State

MA

Servicing Lender Zip

01749-2123

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HUDSON

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01749-2814

CD

MA-03

Jobs Reported

17

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

236800.00

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

32883

Originating Lender

Avidia Bank

Originating Lender City

HUDSON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

239332.44

Forgiveness Date

05/06/2021

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