PPP Loan information for Jl electric inc

$150,439

Jl electric inc was initially approved for PPP Loan of amount $131,049, the current approved amount is $150,439. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 13 jobs and $150,439 was used to fund payroll.

Jl electric inc is New Business or 2 years or less

PPP Loan Search / RI / MIDDLETOWN / Jl electric inc

JL ELECTRIC INC

Date Approved

05/01/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

JL ELECTRIC INC

Borrower Address

307 OLIPHANT LN UNIT 2

Borrower City

MIDDLETOWN

Borrower State

RI

Borrower Zip

02842-4684

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

131049.00

Current Approval Amount

150439.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

MIDDLETOWN

Project County Name

NEWPORT

Project State

RI

Project Zip

02842-4684

CD

RI-01

Jobs Reported

13

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

150439.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

151498.26

Forgiveness Date

01/20/2021

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