PPP Loan information for Newlectric inc

$275,000

Newlectric inc was initially approved for PPP Loan of amount $275,000, the current approved amount is $275,000. The loan was approved on 04/27/2020 by The American Express National Bank reported 30 jobs and $275,000 was used to fund payroll.

Newlectric inc is Existing or more than 2 years old

PPP Loan Search / UT / Draper / Newlectric inc

NEWLECTRIC INC

Date Approved

04/27/2020

SBA Office Code

0883

Processing Method

PPP

Borrower Name

NEWLECTRIC INC

Borrower Address

112 W 13775 S # 9

Borrower City

Draper

Borrower State

UT

Borrower Zip

84020

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

275000.00

Current Approval Amount

275000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

113190

Servicing Lender Name

American Express National Bank

Servicing Lender Address

115 West Towne Ridge Parkway

Servicing Lender City

Sandy

Servicing Lender State

UT

Servicing Lender Zip

84070

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Draper

Project County Name

SALT LAKE

Project State

UT

Project Zip

84020-0126

CD

UT-03

Jobs Reported

30

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

275000.00

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

113190

Originating Lender

American Express National Bank

Originating Lender City

Sandy

Originating Lender State

UT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

276860.96

Forgiveness Date

01/11/2021

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