PPP Loan information for Megco electric corp.

$32,142

Megco electric corp. was initially approved for PPP Loan of amount $32,142, the current approved amount is $32,142. The loan was approved on 04/28/2020 by The Rockland Trust Company reported 2 jobs and $32,142 was used to fund payroll.

Megco electric corp. is New Business or 2 years or less

PPP Loan Search / MA / SAUGUS / Megco electric corp.

MEGCO ELECTRIC CORP.

Date Approved

04/28/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MEGCO ELECTRIC CORP.

Borrower Address

6 Granite St

Borrower City

SAUGUS

Borrower State

MA

Borrower Zip

01906

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

32142.17

Current Approval Amount

32142.17

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33263

Servicing Lender Name

Rockland Trust Company

Servicing Lender Address

288 Union St

Servicing Lender City

ROCKLAND

Servicing Lender State

MA

Servicing Lender Zip

02370-1803

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

SAUGUS

Project County Name

ESSEX

Project State

MA

Project Zip

01906-0001

CD

MA-06

Jobs Reported

2

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

32142.17

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

33263

Originating Lender

Rockland Trust Company

Originating Lender City

ROCKLAND

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

32394.84

Forgiveness Date

02/09/2021

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