PPP Loan information for Model electric, inc.

$349,090

Model electric, inc. was initially approved for PPP Loan of amount $349,090, the current approved amount is $349,090. The loan was approved on 01/16/2021 by The Elkhorn Valley Bank & Trust reported 27 jobs and $349,090 was used to fund payroll.

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

PPP Loan Search / NE / Norfolk / Model electric, inc.

MODEL ELECTRIC, INC.

Date Approved

01/16/2021

SBA Office Code

0766

Processing Method

PPS

Borrower Name

MODEL ELECTRIC, INC.

Borrower Address

1506 N 1st St

Borrower City

Norfolk

Borrower State

NE

Borrower Zip

68701-2906

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

349089.55

Current Approval Amount

349089.55

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

42251

Servicing Lender Name

Elkhorn Valley Bank & Trust

Servicing Lender Address

404 S 25th St

Servicing Lender City

NORFOLK

Servicing Lender State

NE

Servicing Lender Zip

68701-2801

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Norfolk

Project County Name

MADISON

Project State

NE

Project Zip

68701-2906

CD

NE-01

Jobs Reported

27

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

349086.55

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

42251

Originating Lender

Elkhorn Valley Bank & Trust

Originating Lender City

NORFOLK

Originating Lender State

NE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

351050.19

Forgiveness Date

08/19/2021

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