PPP Loan information for Preferred electrical corporation

$234,000

Preferred electrical corporation was initially approved for PPP Loan of amount $234,000, the current approved amount is $234,000. The loan was approved on 04/10/2020 by The The Lowell Five Cent Savings Bank reported 23 jobs and $234,000 was used to fund payroll.

Preferred electrical corporation is Existing or more than 2 years old

PPP Loan Search / MA / TEWKSBURY / Preferred electrical corporation

PREFERRED ELECTRICAL CORPORATION

Date Approved

04/10/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

PREFERRED ELECTRICAL CORPORATION

Borrower Address

17654 MAIN ST

Borrower City

TEWKSBURY

Borrower State

MA

Borrower Zip

01876-2004

Loan Status Date

01/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

234000.00

Current Approval Amount

234000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32962

Servicing Lender Name

The Lowell Five Cent Savings Bank

Servicing Lender Address

34 John St

Servicing Lender City

LOWELL

Servicing Lender State

MA

Servicing Lender Zip

01852-1107

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TEWKSBURY

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01876-2004

CD

MA-06

Jobs Reported

23

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1891.00

Payroll Proceed

219092.00

Mortgage Interest Proceed

1872.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

9864.00

Debt Interest Proceed

1281

Business Type

Subchapter S Corporation

Originating Lender Location Id

32962

Originating Lender

The Lowell Five Cent Savings Bank

Originating Lender City

LOWELL

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

235519.40

Forgiveness Date

12/08/2020

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