PPP Loan information for Taormina electrical inc.

$410,000

Taormina electrical inc. was initially approved for PPP Loan of amount $480,500, the current approved amount is $410,000. The loan was approved on 04/10/2020 by The Salem Five Cents Savings Bank reported 32 jobs and $410,000 was used to fund payroll.

Taormina electrical inc. is Existing or more than 2 years old

PPP Loan Search / MA / GLOUCESTER / Taormina electrical inc.

TAORMINA ELECTRICAL INC.

Date Approved

04/10/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

TAORMINA ELECTRICAL INC.

Borrower Address

5 HERITAGE WAY

Borrower City

GLOUCESTER

Borrower State

MA

Borrower Zip

01930-2212

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

480500.00

Current Approval Amount

410000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33304

Servicing Lender Name

Salem Five Cents Savings Bank

Servicing Lender Address

210 Essex St

Servicing Lender City

SALEM

Servicing Lender State

MA

Servicing Lender Zip

01970-3705

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GLOUCESTER

Project County Name

ESSEX

Project State

MA

Project Zip

01930-2212

CD

MA-06

Jobs Reported

32

NAICS Code

999990

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

410000.00

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

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

413211.67

Forgiveness Date

01/28/2021

;