PPP Loan information for Royal electric co. inc

$685,200

Royal electric co. inc was initially approved for PPP Loan of amount $685,200, the current approved amount is $685,200. The loan was approved on 04/05/2020 by The Wells River Savings Bank reported 58 jobs and $685,200 was used to fund payroll.

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

PPP Loan Search / NH / WOODSVILLE / Royal electric co. inc

ROYAL ELECTRIC CO. INC

Date Approved

04/05/2020

SBA Office Code

0189

Processing Method

PPP

Borrower Name

ROYAL ELECTRIC CO. INC

Borrower Address

33 CENTRAL ST

Borrower City

WOODSVILLE

Borrower State

NH

Borrower Zip

03785-1006

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

685200.00

Current Approval Amount

685200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73046

Servicing Lender Name

Wells River Savings Bank

Servicing Lender Address

34 Main St N

Servicing Lender City

WELLS RIVER

Servicing Lender State

VT

Servicing Lender Zip

05081-9602

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WOODSVILLE

Project County Name

GRAFTON

Project State

NH

Project Zip

03785-1006

CD

NH-02

Jobs Reported

58

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

90000.00

Payroll Proceed

515200.00

Mortgage Interest Proceed

80000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

73046

Originating Lender

Wells River Savings Bank

Originating Lender City

WELLS RIVER

Originating Lender State

VT

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

689010.84

Forgiveness Date

11/03/2020

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