PPP Loan information for National electric, llc

$636,400

National electric, llc was initially approved for PPP Loan of amount $636,400, the current approved amount is $636,400. The loan was approved on 04/10/2020 by The 1st Source Bank reported 31 jobs and $636,400 was used to fund payroll.

National electric, llc is Existing or more than 2 years old

NATIONAL ELECTRIC, LLC

Date Approved

04/10/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

NATIONAL ELECTRIC, LLC

Borrower Address

25487 State Road 2

Borrower City

SOUTH BEND

Borrower State

IN

Borrower Zip

46619

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

636400.00

Current Approval Amount

636400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24195

Servicing Lender Name

1st Source Bank

Servicing Lender Address

100 N Michigan St

Servicing Lender City

SOUTH BEND

Servicing Lender State

IN

Servicing Lender Zip

46601-1630

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SOUTH BEND

Project County Name

ST JOSEPH

Project State

IN

Project Zip

46619-0001

CD

IN-02

Jobs Reported

31

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

636400.00

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

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

641438.17

Forgiveness Date

01/27/2021

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