PPP Loan information for Lane electric, inc.

$259,500

Lane electric, inc. was initially approved for PPP Loan of amount $259,500, the current approved amount is $259,500. The loan was approved on 04/06/2020 by The The Citizens Bank reported 18 jobs and $259,500 was used to fund payroll.

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

PPP Loan Search / NM / FARMINGTON / Lane electric, inc.

LANE ELECTRIC, INC.

Date Approved

04/06/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

LANE ELECTRIC, INC.

Borrower Address

1905 FAWCETT CT

Borrower City

FARMINGTON

Borrower State

NM

Borrower Zip

87401-1898

Loan Status Date

12/12/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

259500.00

Current Approval Amount

259500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45784

Servicing Lender Name

The Citizens Bank

Servicing Lender Address

500 W Broadway

Servicing Lender City

FARMINGTON

Servicing Lender State

NM

Servicing Lender Zip

87401-5986

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARMINGTON

Project County Name

SAN JUAN

Project State

NM

Project Zip

87401-1898

CD

NM-03

Jobs Reported

18

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

259500.00

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

45784

Originating Lender

The Citizens Bank

Originating Lender City

FARMINGTON

Originating Lender State

NM

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

260950.36

Forgiveness Date

11/05/2020

;