PPP Loan information for Electro methods inc

$2,000,000

Electro methods inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/18/2021 by The TD Bank, National Association reported 218 jobs and $2,000,000 was used to fund payroll.

Electro methods inc is Existing or more than 2 years old

PPP Loan Search / CT / South Windsor / Electro methods inc

ELECTRO METHODS INC

Date Approved

02/18/2021

SBA Office Code

0156

Processing Method

PPS

Borrower Name

ELECTRO METHODS INC

Borrower Address

330 Governors Hwy

Borrower City

South Windsor

Borrower State

CT

Borrower Zip

06074-2422

Loan Status Date

01/21/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29805

Servicing Lender Name

TD Bank, National Association

Servicing Lender Address

2035 Limestone Rd

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19808-5529

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

South Windsor

Project County Name

HARTFORD

Project State

CT

Project Zip

06074-2422

CD

CT-01

Jobs Reported

218

NAICS Code

336412

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

29805

Originating Lender

TD Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2015888.89

Forgiveness Date

12/08/2021

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