PPP Loan information for Solect energy development llc

$1,313,145

Solect energy development llc was initially approved for PPP Loan of amount $1,313,145, the current approved amount is $1,313,145. The loan was approved on 04/09/2020 by The MutualOne Bank reported 64 jobs and $1,313,145 was used to fund payroll.

Solect energy development llc is Existing or more than 2 years old

PPP Loan Search / MA / HOPKINTON / Solect energy development llc

SOLECT ENERGY DEVELOPMENT LLC

Date Approved

04/09/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

SOLECT ENERGY DEVELOPMENT LLC

Borrower Address

89 HAYDEN ROWE ST

Borrower City

HOPKINTON

Borrower State

MA

Borrower Zip

01748-2507

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1313145.00

Current Approval Amount

1313145.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

84345

Servicing Lender Name

MutualOne Bank

Servicing Lender Address

828 Concord St

Servicing Lender City

FRAMINGHAM

Servicing Lender State

MA

Servicing Lender Zip

01701-4695

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HOPKINTON

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01748-2507

CD

MA-02

Jobs Reported

64

NAICS Code

517312

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6500.00

Payroll Proceed

1024033.00

Mortgage Interest Proceed

0.00

Rent Proceed

46989.00

Refinance EIDL Proceed

0.00

Health Care Proceed

150623.00

Debt Interest Proceed

85000

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

84345

Originating Lender

MutualOne Bank

Originating Lender City

FRAMINGHAM

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1326060.59

Forgiveness Date

04/15/2021

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