PPP Loan information for Marion electric, inc

$45,700

Marion electric, inc was initially approved for PPP Loan of amount $45,700, the current approved amount is $45,700. The loan was approved on 04/06/2020 by The New Valley Bank & Trust reported 3 jobs and $45,700 was used to fund payroll.

Marion electric, inc is Existing or more than 2 years old

PPP Loan Search / MA / HOLYOKE / Marion electric, inc

MARION ELECTRIC, INC

Date Approved

04/06/2020

SBA Office Code

0130

Processing Method

PPP

Borrower Name

MARION ELECTRIC, INC

Borrower Address

394 Mountain Rd.

Borrower City

HOLYOKE

Borrower State

MA

Borrower Zip

01040-9525

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

45700.00

Current Approval Amount

45700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

526572

Servicing Lender Name

New Valley Bank & Trust

Servicing Lender Address

One Monarch Place Suite 910

Servicing Lender City

Springfield

Servicing Lender State

MA

Servicing Lender Zip

01144

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HOLYOKE

Project County Name

HAMPDEN

Project State

MA

Project Zip

01040-9525

CD

MA-01

Jobs Reported

3

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

700.00

Payroll Proceed

40000.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

526572

Originating Lender

New Valley Bank & Trust

Originating Lender City

Springfield

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

45946.65

Forgiveness Date

11/12/2020

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