PPP Loan information for Novak electric co

$345,139

Novak electric co was initially approved for PPP Loan of amount $345,139, the current approved amount is $345,139. The loan was approved on 04/16/2020 by The Northwest Bank reported 13 jobs and $345,139 was used to fund payroll.

Novak electric co is Existing or more than 2 years old

PPP Loan Search / OH / ELYRIA / Novak electric co

NOVAK ELECTRIC CO

Date Approved

04/16/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

NOVAK ELECTRIC CO

Borrower Address

574 Ternes Lane

Borrower City

ELYRIA

Borrower State

OH

Borrower Zip

44035

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

345139.00

Current Approval Amount

345139.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

78723

Servicing Lender Name

Northwest Bank

Servicing Lender Address

Liberty & Second St

Servicing Lender City

WARREN

Servicing Lender State

PA

Servicing Lender Zip

16365

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELYRIA

Project County Name

LORAIN

Project State

OH

Project Zip

44035-05ND

CD

OH-05

Jobs Reported

13

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

345139.00

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

78723

Originating Lender

Northwest Bank

Originating Lender City

WARREN

Originating Lender State

PA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

348798.42

Forgiveness Date

05/21/2021

;