PPP Loan information for Right electric inc

$952,717

Right electric inc was initially approved for PPP Loan of amount $952,717, the current approved amount is $952,717. The loan was approved on 02/18/2021 by The NexTier Bank, National Association reported 28 jobs and $952,717 was used to fund payroll.

Right electric inc is Existing or more than 2 years old

PPP Loan Search / PA / Butler / Right electric inc

RIGHT ELECTRIC INC

Date Approved

02/18/2021

SBA Office Code

0358

Processing Method

PPS

Borrower Name

RIGHT ELECTRIC INC

Borrower Address

317 Meridian Rd

Borrower City

Butler

Borrower State

PA

Borrower Zip

16001-2920

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

952717.00

Current Approval Amount

952717.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60658

Servicing Lender Name

NexTier Bank, National Association

Servicing Lender Address

222 Market St

Servicing Lender City

KITTANNING

Servicing Lender State

PA

Servicing Lender Zip

16201-1525

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Butler

Project County Name

BUTLER

Project State

PA

Project Zip

16001-2920

CD

PA-16

Jobs Reported

28

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

952711.00

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

Subchapter S Corporation

Originating Lender Location Id

60658

Originating Lender

NexTier Bank, National Association

Originating Lender City

KITTANNING

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

964334.85

Forgiveness Date

05/04/2022

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