PPP Loan information for Stearns electric inc

$178,382

Stearns electric inc was initially approved for PPP Loan of amount $178,382, the current approved amount is $178,382. The loan was approved on 03/10/2021 by The Hometown Bank reported 13 jobs and $178,382 was used to fund payroll.

Stearns electric inc is Existing or more than 2 years old

PPP Loan Search / MA / Oxford / Stearns electric inc

STEARNS ELECTRIC INC

Date Approved

03/10/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

STEARNS ELECTRIC INC

Borrower Address

261 Main St

Borrower City

Oxford

Borrower State

MA

Borrower Zip

01540-2356

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

178382.00

Current Approval Amount

178382.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

89228

Servicing Lender Name

Hometown Bank

Servicing Lender Address

31 Sutton Ave

Servicing Lender City

OXFORD

Servicing Lender State

MA

Servicing Lender Zip

01540-1755

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Oxford

Project County Name

WORCESTER

Project State

MA

Project Zip

01540-2356

CD

MA-01

Jobs Reported

13

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

178380.00

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

89228

Originating Lender

Hometown Bank

Originating Lender City

OXFORD

Originating Lender State

MA

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

179818.83

Forgiveness Date

01/03/2022

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