PPP Loan information for Elco electric

$249,112

Elco electric was initially approved for PPP Loan of amount $270,630, the current approved amount is $249,112. The loan was approved on 04/08/2020 by The Machias Savings Bank reported 11 jobs and $249,112 was used to fund payroll.

Elco electric is Existing or more than 2 years old

PPP Loan Search / ME / BANGOR / Elco electric

ELCO ELECTRIC

Date Approved

04/08/2020

SBA Office Code

0172

Processing Method

PPP

Borrower Name

ELCO ELECTRIC

Borrower Address

311 Perry Road

Borrower City

BANGOR

Borrower State

ME

Borrower Zip

04401-6723

Loan Status Date

01/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

270630.00

Current Approval Amount

249112.00

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

BANGOR

Project County Name

PENOBSCOT

Project State

ME

Project Zip

04401-6723

CD

ME-02

Jobs Reported

11

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

249112.00

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

250717.39

Forgiveness Date

12/09/2020

;