PPP Loan information for Mallett electric corporation

$123,130

Mallett electric corporation was initially approved for PPP Loan of amount $123,130, the current approved amount is $123,130. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 8 jobs and $123,130 was used to fund payroll.

Mallett electric corporation is New Business or 2 years or less

PPP Loan Search / MA / WILMINGTON / Mallett electric corporation

MALLETT ELECTRIC CORPORATION

Date Approved

05/01/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MALLETT ELECTRIC CORPORATION

Borrower Address

4 JEWEL DR UNIT 14

Borrower City

WILMINGTON

Borrower State

MA

Borrower Zip

01887-3334

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

123130.00

Current Approval Amount

123130.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

WILMINGTON

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01887-3334

CD

MA-06

Jobs Reported

8

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

123130.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

124077.93

Forgiveness Date

02/10/2021

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