PPP Loan information for Commonwealth electrical technologies, inc.

$2,062,000

Commonwealth electrical technologies, inc. was initially approved for PPP Loan of amount $2,062,000, the current approved amount is $2,062,000. The loan was approved on 04/04/2020 by The Webster Five Cents Savings Bank reported 121 jobs and $2,062,000 was used to fund payroll.

Commonwealth electrical technologies, inc. is Existing or more than 2 years old

PPP Loan Search / MA / WORCESTER / Commonwealth electrical technologies, inc.

COMMONWEALTH ELECTRICAL TECHNOLOGIES, INC.

Date Approved

04/04/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

COMMONWEALTH ELECTRICAL TECHNOLOGIES, INC.

Borrower Address

125 BLACKSTONE RIVER RD

Borrower City

WORCESTER

Borrower State

MA

Borrower Zip

01607-1491

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2062000.00

Current Approval Amount

2062000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33428

Servicing Lender Name

Webster Five Cents Savings Bank

Servicing Lender Address

136 Thompson Rd

Servicing Lender City

WEBSTER

Servicing Lender State

MA

Servicing Lender Zip

01570-1416

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WORCESTER

Project County Name

WORCESTER

Project State

MA

Project Zip

01607-1491

CD

MA-02

Jobs Reported

121

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2062000.00

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

Subchapter S Corporation

Originating Lender Location Id

33428

Originating Lender

Webster Five Cents Savings Bank

Originating Lender City

WEBSTER

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2086056.67

Forgiveness Date

06/09/2021

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