PPP Loan information for Electric plus, inc

$6,922,235

Electric plus, inc was initially approved for PPP Loan of amount $6,922,235, the current approved amount is $6,922,235. The loan was approved on 04/10/2020 by The First Merchants Bank reported 380 jobs and $6,922,235 was used to fund payroll.

Electric plus, inc is Existing or more than 2 years old

PPP Loan Search / IN / AVON / Electric plus, inc

ELECTRIC PLUS, INC

Date Approved

04/10/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

ELECTRIC PLUS, INC

Borrower Address

173 COUNTY ROAD 525

Borrower City

AVON

Borrower State

IN

Borrower Zip

46123-9058

Loan Status Date

06/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

6922235.00

Current Approval Amount

6922235.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

AVON

Project County Name

HENDRICKS

Project State

IN

Project Zip

46123-9058

CD

IN-04

Jobs Reported

380

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

6922235.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

6998664.06

Forgiveness Date

05/26/2021

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