PPP Loan information for N. e. reliance electric corporation

$74,000

N. e. reliance electric corporation was initially approved for PPP Loan of amount $74,000, the current approved amount is $74,000. The loan was approved on 03/09/2021 by The Bank of America, National Association reported 6 jobs and $74,000 was used to fund payroll.

N. e. reliance electric corporation is Existing or more than 2 years old

PPP Loan Search / MA / Medford / N. e. reliance electric corporation

N. E. RELIANCE ELECTRIC CORPORATION

Date Approved

03/09/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

N. E. RELIANCE ELECTRIC CORPORATION

Borrower Address

407 Mystic Ave Ste 15

Borrower City

Medford

Borrower State

MA

Borrower Zip

02155-6339

Loan Status Date

12/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

74000.00

Current Approval Amount

74000.00

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Medford

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02155-6339

CD

MA-05

Jobs Reported

6

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

74000.00

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

74506.85

Forgiveness Date

11/17/2021

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