PPP Loan information for Reddy electric co.

$1,411,270

Reddy electric co. was initially approved for PPP Loan of amount $1,411,270, the current approved amount is $1,411,270. The loan was approved on 04/05/2020 by The The Old Fort Banking Company reported 101 jobs and $1,411,270 was used to fund payroll.

Reddy electric co. is Existing or more than 2 years old

PPP Loan Search / OH / XENIA / Reddy electric co.

REDDY ELECTRIC CO.

Date Approved

04/05/2020

SBA Office Code

0593

Processing Method

PPP

Borrower Name

REDDY ELECTRIC CO.

Borrower Address

1145 BELLBROOK AVE

Borrower City

XENIA

Borrower State

OH

Borrower Zip

45385-4013

Loan Status Date

12/09/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1411270.00

Current Approval Amount

1411270.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57998

Servicing Lender Name

The Old Fort Banking Company

Servicing Lender Address

8034 Main St

Servicing Lender City

OLD FORT

Servicing Lender State

OH

Servicing Lender Zip

44861

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

XENIA

Project County Name

GREENE

Project State

OH

Project Zip

45385-4013

CD

OH-10

Jobs Reported

101

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

70563.50

Payroll Proceed

1129016.00

Mortgage Interest Proceed

0.00

Rent Proceed

70563.50

Refinance EIDL Proceed

0.00

Health Care Proceed

141127.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

57998

Originating Lender

The Old Fort Banking Company

Originating Lender City

OLD FORT

Originating Lender State

OH

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1419776.82

Forgiveness Date

11/17/2020

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