PPP Loan information for Simpson electric company

$561,455

Simpson electric company was initially approved for PPP Loan of amount $561,455, the current approved amount is $561,455. The loan was approved on 04/10/2020 by The Bay Bank reported 63 jobs and $561,455 was used to fund payroll.

Simpson electric company is New Business or 2 years or less

SIMPSON ELECTRIC COMPANY

Date Approved

04/10/2020

SBA Office Code

0563

Processing Method

PPP

Borrower Name

SIMPSON ELECTRIC COMPANY

Borrower Address

520 Simpson Ave

Borrower City

Lac du Flambeau

Borrower State

WI

Borrower Zip

54538

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

561455.00

Current Approval Amount

561455.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119174

Servicing Lender Name

Bay Bank

Servicing Lender Address

2555 Packerland Dr

Servicing Lender City

GREEN BAY

Servicing Lender State

WI

Servicing Lender Zip

54313-5735

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Lac du Flambeau

Project County Name

VILAS

Project State

WI

Project Zip

54538-0001

CD

WI-07

Jobs Reported

63

NAICS Code

334515

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

112291.00

Payroll Proceed

449164.00

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

119174

Originating Lender

Bay Bank

Originating Lender City

GREEN BAY

Originating Lender State

WI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

566009.02

Forgiveness Date

02/09/2021

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