PPP Loan information for Electric light company inc.

$305,784

Electric light company inc. was initially approved for PPP Loan of amount $330,254, the current approved amount is $305,784. The loan was approved on 04/10/2020 by The Machias Savings Bank reported 14 jobs and $305,784 was used to fund payroll.

Electric light company inc. is Existing or more than 2 years old

PPP Loan Search / ME / CAPE NEDDICK / Electric light company inc.

ELECTRIC LIGHT COMPANY INC.

Date Approved

04/10/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

ELECTRIC LIGHT COMPANY INC.

Borrower Address

One Morgan Way

Borrower City

CAPE NEDDICK

Borrower State

ME

Borrower Zip

03902-7940

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

330254.00

Current Approval Amount

305784.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29760

Servicing Lender Name

Machias Savings Bank

Servicing Lender Address

4 Center St

Servicing Lender City

MACHIAS

Servicing Lender State

ME

Servicing Lender Zip

04654-1110

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CAPE NEDDICK

Project County Name

YORK

Project State

ME

Project Zip

03902-7940

CD

ME-01

Jobs Reported

14

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

305784.00

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

29760

Originating Lender

Machias Savings Bank

Originating Lender City

MACHIAS

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

307627.20

Forgiveness Date

11/23/2020

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