PPP Loan information for Universal electric co inc.

$1,399,900

Universal electric co inc. was initially approved for PPP Loan of amount $1,399,900, the current approved amount is $1,399,900. The loan was approved on 04/04/2020 by The New Valley Bank & Trust reported 74 jobs and $1,399,900 was used to fund payroll.

Universal electric co inc. is Existing or more than 2 years old

PPP Loan Search / MA / WEST SPRINGFIELD / Universal electric co inc.

UNIVERSAL ELECTRIC CO INC.

Date Approved

04/04/2020

SBA Office Code

0130

Processing Method

PPP

Borrower Name

UNIVERSAL ELECTRIC CO INC.

Borrower Address

79 WAYSIDE AVE

Borrower City

WEST SPRINGFIELD

Borrower State

MA

Borrower Zip

01089-1347

Loan Status Date

01/08/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1399900.00

Current Approval Amount

1399900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

526572

Servicing Lender Name

New Valley Bank & Trust

Servicing Lender Address

One Monarch Place Suite 910

Servicing Lender City

Springfield

Servicing Lender State

MA

Servicing Lender Zip

01144

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WEST SPRINGFIELD

Project County Name

HAMPDEN

Project State

MA

Project Zip

01089-1347

CD

MA-01

Jobs Reported

74

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1399900.00

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

526572

Originating Lender

New Valley Bank & Trust

Originating Lender City

Springfield

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1422144.99

Forgiveness Date

12/08/2021

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