PPP Loan information for Olson electric development co. inc.

$20,000

Olson electric development co. inc. was initially approved for PPP Loan of amount $20,000, the current approved amount is $20,000. The loan was approved on 03/15/2021 by The Enterprise Bank and Trust Company reported 1 jobs and $20,000 was used to fund payroll.

Olson electric development co. inc. is Existing or more than 2 years old

PPP Loan Search / MA / Methuen / Olson electric development co. inc.

OLSON ELECTRIC DEVELOPMENT CO. INC.

Date Approved

03/15/2021

SBA Office Code

0101

Processing Method

PPP

Borrower Name

OLSON ELECTRIC DEVELOPMENT CO. INC.

Borrower Address

30 Hampshire St Rear

Borrower City

Methuen

Borrower State

MA

Borrower Zip

01844-6828

Loan Status Date

04/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

20000.00

Current Approval Amount

20000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112598

Servicing Lender Name

Enterprise Bank and Trust Company

Servicing Lender Address

222 Merrimack St

Servicing Lender City

LOWELL

Servicing Lender State

MA

Servicing Lender Zip

01852-5913

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Methuen

Project County Name

ESSEX

Project State

MA

Project Zip

01844-6828

CD

MA-03

Jobs Reported

1

NAICS Code

221111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

20000.00

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

112598

Originating Lender

Enterprise Bank and Trust Company

Originating Lender City

LOWELL

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

20209.44

Forgiveness Date

03/30/2022

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