PPP Loan information for Sommer electric co inc.

$71,779

Sommer electric co inc. was initially approved for PPP Loan of amount $71,779, the current approved amount is $71,779. The loan was approved on 02/11/2021 by The Adams Community Bank reported 5 jobs and $71,779 was used to fund payroll.

Sommer electric co inc. is Existing or more than 2 years old

PPP Loan Search / MA / Adams / Sommer electric co inc.

SOMMER ELECTRIC CO INC.

Date Approved

02/11/2021

SBA Office Code

0130

Processing Method

PPS

Borrower Name

SOMMER ELECTRIC CO INC.

Borrower Address

117 Grove St

Borrower City

Adams

Borrower State

MA

Borrower Zip

01220-9707

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

71779.17

Current Approval Amount

71779.17

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30944

Servicing Lender Name

Adams Community Bank

Servicing Lender Address

2 Center St

Servicing Lender City

ADAMS

Servicing Lender State

MA

Servicing Lender Zip

01220-2332

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Adams

Project County Name

BERKSHIRE

Project State

MA

Project Zip

01220-9707

CD

MA-01

Jobs Reported

5

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

71777.17

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

30944

Originating Lender

Adams Community Bank

Originating Lender City

ADAMS

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

72432.07

Forgiveness Date

01/11/2022

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