PPP Loan information for Newport electric construction corp

$696,760

Newport electric construction corp was initially approved for PPP Loan of amount $696,760, the current approved amount is $696,760. The loan was approved on 01/21/2021 by The BankNewport reported 45 jobs and $696,760 was used to fund payroll.

Newport electric construction corp is Existing or more than 2 years old

PPP Loan Search / RI / Bristol / Newport electric construction corp

NEWPORT ELECTRIC CONSTRUCTION CORP

Date Approved

01/21/2021

SBA Office Code

0165

Processing Method

PPS

Borrower Name

NEWPORT ELECTRIC CONSTRUCTION CORP

Borrower Address

121 Broadcommon Rd

Borrower City

Bristol

Borrower State

RI

Borrower Zip

02809-2714

Loan Status Date

10/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

696759.58

Current Approval Amount

696759.58

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65657

Servicing Lender Name

BankNewport

Servicing Lender Address

10 Washington Sq

Servicing Lender City

NEWPORT

Servicing Lender State

RI

Servicing Lender Zip

02840-2948

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Bristol

Project County Name

BRISTOL

Project State

RI

Project Zip

02809-2714

CD

RI-01

Jobs Reported

45

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

696759.58

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

65657

Originating Lender

BankNewport

Originating Lender City

NEWPORT

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

701627.35

Forgiveness Date

10/08/2021

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