PPP Loan information for Electrical dynamics inc

$1,772,000

Electrical dynamics inc was initially approved for PPP Loan of amount $1,772,000, the current approved amount is $1,772,000. The loan was approved on 04/04/2020 by The Enterprise Bank and Trust Company reported 83 jobs and $1,772,000 was used to fund payroll.

Electrical dynamics inc is Existing or more than 2 years old

PPP Loan Search / MA / NORTH READING / Electrical dynamics inc

ELECTRICAL DYNAMICS INC

Date Approved

04/04/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

ELECTRICAL DYNAMICS INC

Borrower Address

72 B CONCORD STREET

Borrower City

NORTH READING

Borrower State

MA

Borrower Zip

01864-2607

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1772000.00

Current Approval Amount

1772000.00

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

NORTH READING

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01864-2607

CD

MA-06

Jobs Reported

83

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20900.00

Payroll Proceed

1614700.00

Mortgage Interest Proceed

0.00

Rent Proceed

14600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

121800.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

112598

Originating Lender

Enterprise Bank and Trust Company

Originating Lender City

LOWELL

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1783714.89

Forgiveness Date

12/09/2020

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