PPP Loan information for Novak electric co

$354,855

Novak electric co was initially approved for PPP Loan of amount $354,855, the current approved amount is $354,855. The loan was approved on 02/26/2021 by The Northwest Bank reported 11 jobs and $354,855 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

02/26/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

NOVAK ELECTRIC CO

Borrower Address

574 Ternes Ln

Borrower City

Elyria

Borrower State

OH

Borrower Zip

44035-6252

Loan Status Date

10/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

354855.00

Current Approval Amount

354855.00

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

44035-6252

CD

OH-05

Jobs Reported

11

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

354855.00

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

356809.13

Forgiveness Date

09/21/2021

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