PPP Loan information for River electric inc

$68,400

River electric inc was initially approved for PPP Loan of amount $62,600, the current approved amount is $68,400. The loan was approved on 05/20/2020 by The BankProv reported 9 jobs and $68,400 was used to fund payroll.

River electric inc is Existing or more than 2 years old

RIVER ELECTRIC INC

Date Approved

05/20/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

RIVER ELECTRIC INC

Borrower Address

22 1st St

Borrower City

SALISBURY

Borrower State

MA

Borrower Zip

01952

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

62600.00

Current Approval Amount

68400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30947

Servicing Lender Name

BankProv

Servicing Lender Address

5 Market St

Servicing Lender City

AMESBURY

Servicing Lender State

MA

Servicing Lender Zip

01913-2408

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SALISBURY

Project County Name

ESSEX

Project State

MA

Project Zip

01952-0001

CD

MA-06

Jobs Reported

9

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

68400.00

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

30947

Originating Lender

BankProv

Originating Lender City

AMESBURY

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

61681.42

Forgiveness Date

11/12/2020

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