PPP Loan information for Ideal electric company, inc.

$173,188

Ideal electric company, inc. was initially approved for PPP Loan of amount $173,188, the current approved amount is $173,188. The loan was approved on 04/27/2020 by The Rockland Trust Company reported 14 jobs and $173,188 was used to fund payroll.

Ideal electric company, inc. is Existing or more than 2 years old

PPP Loan Search / MA / Danvers / Ideal electric company, inc.

IDEAL ELECTRIC COMPANY, INC.

Date Approved

04/27/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

IDEAL ELECTRIC COMPANY, INC.

Borrower Address

10R Rainbow Terrace Unit B

Borrower City

Danvers

Borrower State

MA

Borrower Zip

01923-3779

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

173188.00

Current Approval Amount

173188.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33263

Servicing Lender Name

Rockland Trust Company

Servicing Lender Address

288 Union St

Servicing Lender City

ROCKLAND

Servicing Lender State

MA

Servicing Lender Zip

02370-1803

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Danvers

Project County Name

ESSEX

Project State

MA

Project Zip

01923-3779

CD

MA-06

Jobs Reported

14

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

173188.00

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

33263

Originating Lender

Rockland Trust Company

Originating Lender City

ROCKLAND

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

174198.26

Forgiveness Date

11/30/2020

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