PPP Loan information for Newport electric construction corp

$601,034

Newport electric construction corp was initially approved for PPP Loan of amount $822,900, the current approved amount is $601,034. The loan was approved on 04/05/2020 by The BankNewport reported 45 jobs and $601,034 was used to fund payroll.

Newport electric construction corp is Existing or more than 2 years old

PPP Loan Search / RI / PORTSMOUTH / Newport electric construction corp

NEWPORT ELECTRIC CONSTRUCTION CORP

Date Approved

04/05/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

NEWPORT ELECTRIC CONSTRUCTION CORP

Borrower Address

200 Highpoint Ave, B12

Borrower City

PORTSMOUTH

Borrower State

RI

Borrower Zip

02871

Loan Status Date

04/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

822900.00

Current Approval Amount

601034.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65657

Servicing Lender Name

BankNewport

Servicing Lender Address

10 Washington Sq

Servicing Lender City

NEWPORT

Servicing Lender State

RI

Servicing Lender Zip

02840-2948

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PORTSMOUTH

Project County Name

NEWPORT

Project State

RI

Project Zip

02871-0001

CD

RI-01

Jobs Reported

45

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

601034.00

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

65657

Originating Lender

BankNewport

Originating Lender City

NEWPORT

Originating Lender State

RI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

606731.47

Forgiveness Date

04/05/2021

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