PPP Loan information for Northern electric company inc

$365,000

Northern electric company inc was initially approved for PPP Loan of amount $365,000, the current approved amount is $365,000. The loan was approved on 04/05/2020 by The 1st Source Bank reported 26 jobs and $365,000 was used to fund payroll.

Northern electric company inc is Existing or more than 2 years old

PPP Loan Search / IN / SOUTH BEND / Northern electric company inc

NORTHERN ELECTRIC COMPANY INC

Date Approved

04/05/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

NORTHERN ELECTRIC COMPANY INC

Borrower Address

116 N Hill Street

Borrower City

SOUTH BEND

Borrower State

IN

Borrower Zip

46617-2718

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

365000.00

Current Approval Amount

365000.00

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

Y

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

46617-2718

CD

IN-02

Jobs Reported

26

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

365000.00

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

Subchapter S Corporation

Originating Lender Location Id

24195

Originating Lender

1st Source Bank

Originating Lender City

SOUTH BEND

Originating Lender State

IN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

367473.89

Forgiveness Date

12/15/2020

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