PPP Loan information for Black electric inc

$71,100

Black electric inc was initially approved for PPP Loan of amount $71,100, the current approved amount is $71,100. The loan was approved on 04/03/2020 by The County Bank reported 9 jobs and $71,100 was used to fund payroll.

Black electric inc is Existing or more than 2 years old

PPP Loan Search / IA / GRINNELL / Black electric inc

BLACK ELECTRIC INC

Date Approved

04/03/2020

SBA Office Code

0761

Processing Method

PPP

Borrower Name

BLACK ELECTRIC INC

Borrower Address

700 MAPLE ST

Borrower City

GRINNELL

Borrower State

IA

Borrower Zip

50112-2205

Loan Status Date

03/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

71100.00

Current Approval Amount

71100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

25465

Servicing Lender Name

County Bank

Servicing Lender Address

201 S Jefferson St

Servicing Lender City

SIGOURNEY

Servicing Lender State

IA

Servicing Lender Zip

52591-1515

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRINNELL

Project County Name

POWESHIEK

Project State

IA

Project Zip

50112-2205

CD

IA-02

Jobs Reported

9

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

8888.00

Payroll Proceed

53325.00

Mortgage Interest Proceed

0.00

Rent Proceed

8887.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

25465

Originating Lender

County Bank

Originating Lender City

SIGOURNEY

Originating Lender State

IA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

71706.32

Forgiveness Date

02/11/2021

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