PPP Loan information for Rad elec inc.

$103,262

Rad elec inc. was initially approved for PPP Loan of amount $103,262, the current approved amount is $103,262. The loan was approved on 04/15/2020 by The Manufacturers and Traders Trust Company reported 8 jobs and $103,262 was used to fund payroll.

Rad elec inc. is Existing or more than 2 years old

PPP Loan Search / MD / Frederick / Rad elec inc.

RAD ELEC INC.

Date Approved

04/15/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

RAD ELEC INC.

Borrower Address

5716 Industry Lane Suite A

Borrower City

Frederick

Borrower State

MD

Borrower Zip

21704

Loan Status Date

06/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

103262.00

Current Approval Amount

103262.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Frederick

Project County Name

FREDERICK

Project State

MD

Project Zip

21704-1600

CD

MD-06

Jobs Reported

8

NAICS Code

541380

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

262.00

Payroll Proceed

95000.00

Mortgage Interest Proceed

0.00

Rent Proceed

5000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

3000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

104373.83

Forgiveness Date

05/20/2021

;