PPP Loan information for Advanced auto electric

$50,000

Advanced auto electric was initially approved for PPP Loan of amount $50,000, the current approved amount is $50,000. The loan was approved on 04/28/2020 by The Enterprise Bank and Trust Company reported 3 jobs and $50,000 was used to fund payroll.

Advanced auto electric is Existing or more than 2 years old

PPP Loan Search / MA / DRACUT / Advanced auto electric

ADVANCED AUTO ELECTRIC

Date Approved

04/28/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

ADVANCED AUTO ELECTRIC

Borrower Address

16 SILVA LN

Borrower City

DRACUT

Borrower State

MA

Borrower Zip

01826-2894

Loan Status Date

05/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50000.00

Current Approval Amount

50000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112598

Servicing Lender Name

Enterprise Bank and Trust Company

Servicing Lender Address

222 Merrimack St

Servicing Lender City

LOWELL

Servicing Lender State

MA

Servicing Lender Zip

01852-5913

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DRACUT

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01826-2894

CD

MA-03

Jobs Reported

3

NAICS Code

811111

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3500.00

Payroll Proceed

37000.00

Mortgage Interest Proceed

0.00

Rent Proceed

6500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

3000.00

Debt Interest Proceed

0

Business Type

Partnership

Originating Lender Location Id

112598

Originating Lender

Enterprise Bank and Trust Company

Originating Lender City

LOWELL

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

50466.67

Forgiveness Date

04/06/2021

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