PPP Loan information for Precision electric inc

$70,000

Precision electric inc was initially approved for PPP Loan of amount $70,000, the current approved amount is $70,000. The loan was approved on 04/27/2020 by The James Polk Stone Community Bank reported 10 jobs and $70,000 was used to fund payroll.

Precision electric inc is Existing or more than 2 years old

PPP Loan Search / NM / DEXTER / Precision electric inc

PRECISION ELECTRIC INC

Date Approved

04/27/2020

SBA Office Code

0682

Processing Method

PPP

Borrower Name

PRECISION ELECTRIC INC

Borrower Address

#2 Durand LN

Borrower City

DEXTER

Borrower State

NM

Borrower Zip

88230

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

70000.00

Current Approval Amount

70000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45931

Servicing Lender Name

James Polk Stone Community Bank

Servicing Lender Address

109 E 2nd St

Servicing Lender City

PORTALES

Servicing Lender State

NM

Servicing Lender Zip

88130-6203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DEXTER

Project County Name

CHAVES

Project State

NM

Project Zip

88230-0001

CD

NM-03

Jobs Reported

10

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

7000.00

Payroll Proceed

63000.00

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

45931

Originating Lender

James Polk Stone Community Bank

Originating Lender City

PORTALES

Originating Lender State

NM

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

70925.56

Forgiveness Date

08/23/2021

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