PPP Loan information for Island lighting and power systems, inc.

$518,400

Island lighting and power systems, inc. was initially approved for PPP Loan of amount $518,400, the current approved amount is $518,400. The loan was approved on 04/04/2020 by The Walpole Co-Operative Bank reported 26 jobs and $518,400 was used to fund payroll.

Island lighting and power systems, inc. is Existing or more than 2 years old

PPP Loan Search / MA / NORFOLK / Island lighting and power systems, inc.

ISLAND LIGHTING AND POWER SYSTEMS, INC.

Date Approved

04/04/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

ISLAND LIGHTING AND POWER SYSTEMS, INC.

Borrower Address

14 Shire Drive

Borrower City

NORFOLK

Borrower State

MA

Borrower Zip

02056-1580

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

518400.00

Current Approval Amount

518400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89283

Servicing Lender Name

Walpole Co-Operative Bank

Servicing Lender Address

982 Main St

Servicing Lender City

WALPOLE

Servicing Lender State

MA

Servicing Lender Zip

02081-2828

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NORFOLK

Project County Name

NORFOLK

Project State

MA

Project Zip

02056-1580

CD

MA-04

Jobs Reported

26

NAICS Code

238210

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

518400.00

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

89283

Originating Lender

Walpole Co-Operative Bank

Originating Lender City

WALPOLE

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

522000.00

Forgiveness Date

12/17/2020

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