PPP Loan information for N. e. reliance electric corporation

$71,987

N. e. reliance electric corporation was initially approved for PPP Loan of amount $71,987, the current approved amount is $71,987. The loan was approved on 04/30/2020 by The Bank of America, National Association reported 6 jobs and $71,987 was used to fund payroll.

N. e. reliance electric corporation is Existing or more than 2 years old

PPP Loan Search / MA / MEDFORD / N. e. reliance electric corporation

N. E. RELIANCE ELECTRIC CORPORATION

Date Approved

04/30/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

N. E. RELIANCE ELECTRIC CORPORATION

Borrower Address

407R MYSTIC AVE STE 15

Borrower City

MEDFORD

Borrower State

MA

Borrower Zip

02155-6326

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

71987.00

Current Approval Amount

71987.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MEDFORD

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02155-6326

CD

MA-05

Jobs Reported

6

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

71987.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

72827.18

Forgiveness Date

07/02/2021

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