PPP Loan information for Taormina electrical inc

$410,000

Taormina electrical inc was initially approved for PPP Loan of amount $410,000, the current approved amount is $410,000. The loan was approved on 02/05/2021 by The Salem Five Cents Savings Bank reported 30 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

02/05/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

TAORMINA ELECTRICAL INC

Borrower Address

5 Heritage Way

Borrower City

Gloucester

Borrower State

MA

Borrower Zip

01930-2212

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

410000.00

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

30

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

409996.00

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

412425.83

Forgiveness Date

09/10/2021

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