PPP Loan information for Electro-spec, inc

$1,023,259

Electro-spec, inc was initially approved for PPP Loan of amount $1,023,259, the current approved amount is $1,023,259. The loan was approved on 04/07/2020 by The First Merchants Bank reported 84 jobs and $1,023,259 was used to fund payroll.

Electro-spec, inc is Existing or more than 2 years old

PPP Loan Search / IN / FRANKLIN / Electro-spec, inc

ELECTRO-SPEC, INC

Date Approved

04/07/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

ELECTRO-SPEC, INC

Borrower Address

1800 COMMERCE PKWY

Borrower City

FRANKLIN

Borrower State

IN

Borrower Zip

46131-6964

Loan Status Date

05/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1023259.00

Current Approval Amount

1023259.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FRANKLIN

Project County Name

JOHNSON

Project State

IN

Project Zip

46131-6964

CD

IN-06

Jobs Reported

84

NAICS Code

332813

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1023259.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1032566.45

Forgiveness Date

03/15/2021

;