PPP Loan information for Mcdonnell electric inc

$80,625

Mcdonnell electric inc was initially approved for PPP Loan of amount $80,625, the current approved amount is $80,625. The loan was approved on 04/15/2020 by The Salem Five Cents Savings Bank reported 7 jobs and $80,625 was used to fund payroll.

Mcdonnell electric inc is Existing or more than 2 years old

PPP Loan Search / MA / PEABODY / Mcdonnell electric inc

MCDONNELL ELECTRIC INC

Date Approved

04/15/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MCDONNELL ELECTRIC INC

Borrower Address

86 ELLSWORTH RD

Borrower City

PEABODY

Borrower State

MA

Borrower Zip

01960-4242

Loan Status Date

03/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

80625.00

Current Approval Amount

80625.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33304

Servicing Lender Name

Salem Five Cents Savings Bank

Servicing Lender Address

210 Essex St

Servicing Lender City

SALEM

Servicing Lender State

MA

Servicing Lender Zip

01970-3705

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PEABODY

Project County Name

ESSEX

Project State

MA

Project Zip

01960-4242

CD

MA-06

Jobs Reported

7

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

80625.00

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

Subchapter S Corporation

Originating Lender Location Id

33304

Originating Lender

Salem Five Cents Savings Bank

Originating Lender City

SALEM

Originating Lender State

MA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

81310.31

Forgiveness Date

02/24/2021

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