PPP Loan information for New light electric, inc.

$500,000

New light electric, inc. was initially approved for PPP Loan of amount $500,000, the current approved amount is $500,000. The loan was approved on 04/15/2020 by The Citizens Bank, National Association reported 26 jobs and $500,000 was used to fund payroll.

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

PPP Loan Search / PA / Media / New light electric, inc.

NEW LIGHT ELECTRIC, INC.

Date Approved

04/15/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

NEW LIGHT ELECTRIC, INC.

Borrower Address

317 Josephs Way

Borrower City

Media

Borrower State

PA

Borrower Zip

19063

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

500000.00

Current Approval Amount

500000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434162

Servicing Lender Name

Citizens Bank, National Association

Servicing Lender Address

1 Citizens Plaza

Servicing Lender City

PROVIDENCE

Servicing Lender State

RI

Servicing Lender Zip

02903-1344

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Media

Project County Name

DELAWARE

Project State

PA

Project Zip

19063-0001

CD

PA-05

Jobs Reported

26

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

500000.00

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

Subchapter S Corporation

Originating Lender Location Id

434162

Originating Lender

Citizens Bank, National Association

Originating Lender City

PROVIDENCE

Originating Lender State

RI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

504123.29

Forgiveness Date

02/23/2021

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