PPP Loan information for Norwood electric inc.

$159,857

Norwood electric inc. was initially approved for PPP Loan of amount $159,857, the current approved amount is $159,857. The loan was approved on 04/27/2020 by The Eastern Bank reported 16 jobs and $159,857 was used to fund payroll.

Norwood electric inc. is Existing or more than 2 years old

PPP Loan Search / MA / PEABODY / Norwood electric inc.

NORWOOD ELECTRIC INC.

Date Approved

04/27/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

NORWOOD ELECTRIC INC.

Borrower Address

36 WALNUT ST

Borrower City

PEABODY

Borrower State

MA

Borrower Zip

01960

Loan Status Date

12/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

159857.00

Current Approval Amount

159857.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32987

Servicing Lender Name

Eastern Bank

Servicing Lender Address

265 Franklin St

Servicing Lender City

BOSTON

Servicing Lender State

MA

Servicing Lender Zip

02110-3113

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PEABODY

Project County Name

ESSEX

Project State

MA

Project Zip

01960-0001

CD

MA-06

Jobs Reported

16

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

159857.00

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

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

162277.06

Forgiveness Date

11/03/2021

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