PPP Loan information for Majestic electric company, inc.

$177,705

Majestic electric company, inc. was initially approved for PPP Loan of amount $177,705, the current approved amount is $177,705. The loan was approved on 04/27/2020 by The German American Bank reported 17 jobs and $177,705 was used to fund payroll.

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

PPP Loan Search / IN / NORTH VERNON / Majestic electric company, inc.

MAJESTIC ELECTRIC COMPANY, INC.

Date Approved

04/27/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

MAJESTIC ELECTRIC COMPANY, INC.

Borrower Address

4650 N STATE HIGHWAY 3

Borrower City

NORTH VERNON

Borrower State

IN

Borrower Zip

47265-7296

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

177705.00

Current Approval Amount

177705.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23790

Servicing Lender Name

German American Bank

Servicing Lender Address

711 Main St

Servicing Lender City

JASPER

Servicing Lender State

IN

Servicing Lender Zip

47546-3042

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NORTH VERNON

Project County Name

JENNINGS

Project State

IN

Project Zip

47265-7296

CD

IN-09

Jobs Reported

17

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

177705.00

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

23790

Originating Lender

German American Bank

Originating Lender City

JASPER

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

178620.30

Forgiveness Date

11/03/2020

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