PPP Loan information for Network electric, inc

$76,392

Network electric, inc was initially approved for PPP Loan of amount $76,392, the current approved amount is $76,392. The loan was approved on 05/14/2020 by The Horizon Bank reported 10 jobs and $76,392 was used to fund payroll.

Network electric, inc is Existing or more than 2 years old

PPP Loan Search / IN / FRANKLIN / Network electric, inc

NETWORK ELECTRIC, INC

Date Approved

05/14/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

NETWORK ELECTRIC, INC

Borrower Address

3260 Graham Road

Borrower City

FRANKLIN

Borrower State

IN

Borrower Zip

46131

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

76392.00

Current Approval Amount

76392.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23955

Servicing Lender Name

Horizon Bank

Servicing Lender Address

515 Franklin Sq

Servicing Lender City

MICHIGAN CITY

Servicing Lender State

IN

Servicing Lender Zip

46360-3328

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FRANKLIN

Project County Name

JOHNSON

Project State

IN

Project Zip

46131-0001

CD

IN-06

Jobs Reported

10

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

61114.00

Mortgage Interest Proceed

7639.00

Rent Proceed

0.00

Refinance EIDL Proceed

7639.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

77193.59

Forgiveness Date

06/03/2021

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