PPP Loan information for Newton electrical company inc

$312,462

Newton electrical company inc was initially approved for PPP Loan of amount $312,462, the current approved amount is $312,462. The loan was approved on 01/22/2021 by The Eastern Bank reported 21 jobs and $312,462 was used to fund payroll.

Newton electrical company inc is Existing or more than 2 years old

PPP Loan Search / MA / Newton Upper Falls / Newton electrical company inc

NEWTON ELECTRICAL COMPANY INC

Date Approved

01/22/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

NEWTON ELECTRICAL COMPANY INC

Borrower Address

48 Mechanic St

Borrower City

Newton Upper Falls

Borrower State

MA

Borrower Zip

02464-1436

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

312462.15

Current Approval Amount

312462.15

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32987

Servicing Lender Name

Eastern Bank

Servicing Lender Address

265 Franklin St

Servicing Lender City

BOSTON

Servicing Lender State

MA

Servicing Lender Zip

02110-3113

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Newton Upper Falls

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02464-1436

CD

MA-04

Jobs Reported

21

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

312458.15

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

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

314397.68

Forgiveness Date

09/09/2021

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