PPP Loan information for Northwest electric, inc.

$628,932

Northwest electric, inc. was initially approved for PPP Loan of amount $628,932, the current approved amount is $628,932. The loan was approved on 04/14/2020 by The Manufacturers and Traders Trust Company reported 85 jobs and $628,932 was used to fund payroll.

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

PPP Loan Search / MD / Reisterstown / Northwest electric, inc.

NORTHWEST ELECTRIC, INC.

Date Approved

04/14/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

NORTHWEST ELECTRIC, INC.

Borrower Address

12442 Owings Mills Boulevard

Borrower City

Reisterstown

Borrower State

MD

Borrower Zip

21136

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

628932.00

Current Approval Amount

628932.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Reisterstown

Project County Name

BALTIMORE

Project State

MD

Project Zip

21136-0001

CD

MD-02

Jobs Reported

85

NAICS Code

236220

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

3500.00

Payroll Proceed

539832.00

Mortgage Interest Proceed

0.00

Rent Proceed

16000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

64000.00

Debt Interest Proceed

5600

Business Type

Subchapter S Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

632843.44

Forgiveness Date

12/02/2020

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