PPP Loan information for Precision electric, inc

$237,225

Precision electric, inc was initially approved for PPP Loan of amount $237,225, the current approved amount is $237,225. The loan was approved on 04/06/2020 by The BankNorth reported 17 jobs and $237,225 was used to fund payroll.

Precision electric, inc is Existing or more than 2 years old

PRECISION ELECTRIC, INC

Date Approved

04/06/2020

SBA Office Code

0875

Processing Method

PPP

Borrower Name

PRECISION ELECTRIC, INC

Borrower Address

823 Main St

Borrower City

MAYVILLE

Borrower State

ND

Borrower Zip

58257

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

237225.00

Current Approval Amount

237225.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

52663

Servicing Lender Name

BankNorth

Servicing Lender Address

340 Main St

Servicing Lender City

ARTHUR

Servicing Lender State

ND

Servicing Lender Zip

58006

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MAYVILLE

Project County Name

TRAILL

Project State

ND

Project Zip

58257-0001

CD

ND-

Jobs Reported

17

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

237225.00

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

52663

Originating Lender

BankNorth

Originating Lender City

ARTHUR

Originating Lender State

ND

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

238799.91

Forgiveness Date

12/09/2020

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