PPP Loan information for Professional electric products co.

$2,367,000

Professional electric products co. was initially approved for PPP Loan of amount $2,367,000, the current approved amount is $2,367,000. The loan was approved on 04/13/2020 by The Citizens Bank, National Association reported 177 jobs and $2,367,000 was used to fund payroll.

Professional electric products co. is Existing or more than 2 years old

PPP Loan Search / OH / EASTLAKE / Professional electric products co.

PROFESSIONAL ELECTRIC PRODUCTS CO.

Date Approved

04/13/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

PROFESSIONAL ELECTRIC PRODUCTS CO.

Borrower Address

33210 LAKELAND BLVD

Borrower City

EASTLAKE

Borrower State

OH

Borrower Zip

44095-5205

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2367000.00

Current Approval Amount

2367000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434162

Servicing Lender Name

Citizens Bank, National Association

Servicing Lender Address

1 Citizens Plaza

Servicing Lender City

PROVIDENCE

Servicing Lender State

RI

Servicing Lender Zip

02903-1344

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

EASTLAKE

Project County Name

LAKE

Project State

OH

Project Zip

44095-5205

CD

OH-14

Jobs Reported

177

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2367000.00

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

434162

Originating Lender

Citizens Bank, National Association

Originating Lender City

PROVIDENCE

Originating Lender State

RI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2394560.96

Forgiveness Date

06/23/2021

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