PPP Loan information for New way electric, inc.

$550,400

New way electric, inc. was initially approved for PPP Loan of amount $550,400, the current approved amount is $550,400. The loan was approved on 04/04/2020 by The Oregon Pacific Banking Company dba Oregon Pacific Bank reported 35 jobs and $550,400 was used to fund payroll.

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

PPP Loan Search / OR / EUGENE / New way electric, inc.

NEW WAY ELECTRIC, INC.

Date Approved

04/04/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

NEW WAY ELECTRIC, INC.

Borrower Address

4202 W 6th Ave

Borrower City

EUGENE

Borrower State

OR

Borrower Zip

97402-5307

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

550400.00

Current Approval Amount

550400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59582

Servicing Lender Name

Oregon Pacific Banking Company dba Oregon Pacific Bank

Servicing Lender Address

1365 Hwy 101

Servicing Lender City

Florence

Servicing Lender State

OR

Servicing Lender Zip

97439

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

EUGENE

Project County Name

LANE

Project State

OR

Project Zip

97402-5307

CD

OR-04

Jobs Reported

35

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2295.00

Payroll Proceed

486562.50

Mortgage Interest Proceed

0.00

Rent Proceed

25542.50

Refinance EIDL Proceed

0.00

Health Care Proceed

36000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

59582

Originating Lender

Oregon Pacific Banking Company dba Oregon Pacific Bank

Originating Lender City

Florence

Originating Lender State

OR

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

554757.96

Forgiveness Date

01/25/2021

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