PPP Loan information for Lanagan electric inc

$37,485

Lanagan electric inc was initially approved for PPP Loan of amount $37,485, the current approved amount is $37,485. The loan was approved on 02/16/2021 by The Cornerstone Bank reported 3 jobs and $37,485 was used to fund payroll.

Lanagan electric inc is Existing or more than 2 years old

PPP Loan Search / MA / Spencer / Lanagan electric inc

LANAGAN ELECTRIC INC

Date Approved

02/16/2021

SBA Office Code

0101

Processing Method

PPS

Borrower Name

LANAGAN ELECTRIC INC

Borrower Address

5 Treadwell Dr

Borrower City

Spencer

Borrower State

MA

Borrower Zip

01562-1322

Loan Status Date

11/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

37485.00

Current Approval Amount

37485.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33352

Servicing Lender Name

Cornerstone Bank

Servicing Lender Address

230 Park Ave

Servicing Lender City

WORCESTER

Servicing Lender State

MA

Servicing Lender Zip

01609-1918

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Spencer

Project County Name

WORCESTER

Project State

MA

Project Zip

01562-1322

CD

MA-01

Jobs Reported

3

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

37479.00

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

33352

Originating Lender

Cornerstone Bank

Originating Lender City

WORCESTER

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

37738.02

Forgiveness Date

10/19/2021

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