PPP Loan information for Md electric company

$352,400

Md electric company was initially approved for PPP Loan of amount $352,400, the current approved amount is $352,400. The loan was approved on 04/15/2020 by The German American Bank reported 37 jobs and $352,400 was used to fund payroll.

Md electric company is Existing or more than 2 years old

PPP Loan Search / KY / WADDY / Md electric company

MD ELECTRIC COMPANY

Date Approved

04/15/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

MD ELECTRIC COMPANY

Borrower Address

7870 FRANKFORT RD

Borrower City

WADDY

Borrower State

KY

Borrower Zip

40076-6004

Loan Status Date

01/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

352400.00

Current Approval Amount

352400.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WADDY

Project County Name

SHELBY

Project State

KY

Project Zip

40076-6004

CD

KY-04

Jobs Reported

37

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

352400.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

354668.88

Forgiveness Date

12/09/2020

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