PPP Loan information for Arel electric, inc.

$27,300

Arel electric, inc. was initially approved for PPP Loan of amount $27,300, the current approved amount is $27,300. The loan was approved on 04/27/2020 by The Pentucket Bank reported 3 jobs and $27,300 was used to fund payroll.

Arel electric, inc. is Existing or more than 2 years old

PPP Loan Search / MA / HAVERHILL / Arel electric, inc.

AREL ELECTRIC, INC.

Date Approved

04/27/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

AREL ELECTRIC, INC.

Borrower Address

773 Washington St

Borrower City

HAVERHILL

Borrower State

MA

Borrower Zip

01832-4423

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

27300.00

Current Approval Amount

27300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32855

Servicing Lender Name

Pentucket Bank

Servicing Lender Address

1 Merrimack St

Servicing Lender City

HAVERHILL

Servicing Lender State

MA

Servicing Lender Zip

01830-6231

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HAVERHILL

Project County Name

ESSEX

Project State

MA

Project Zip

01832-4423

CD

MA-03

Jobs Reported

3

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

27300.00

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

32855

Originating Lender

Pentucket Bank

Originating Lender City

HAVERHILL

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

27513.85

Forgiveness Date

02/11/2021

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