PPP Loan information for South shore electric inc

$1,461,500

South shore electric inc was initially approved for PPP Loan of amount $1,461,500, the current approved amount is $1,461,500. The loan was approved on 05/16/2021 by The American Bank, National Association reported 65 jobs and $1,461,500 was used to fund payroll.

South shore electric inc is Existing or more than 2 years old

PPP Loan Search / OH / Elyria / South shore electric inc

SOUTH SHORE ELECTRIC INC

Date Approved

05/16/2021

SBA Office Code

0549

Processing Method

PPS

Borrower Name

SOUTH SHORE ELECTRIC INC

Borrower Address

589 Ternes Ln

Borrower City

Elyria

Borrower State

OH

Borrower Zip

44035-6251

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1461500.00

Current Approval Amount

1461500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

69654

Servicing Lender Name

American Bank, National Association

Servicing Lender Address

2707 W Northwest Hwy

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75220-4744

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Elyria

Project County Name

LORAIN

Project State

OH

Project Zip

44035-6251

CD

OH-05

Jobs Reported

65

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1461500.00

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

Corporation

Originating Lender Location Id

69654

Originating Lender

American Bank, National Association

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1053529.47

Forgiveness Date

10/18/2022

;