PPP Loan information for Sommer electric, inc.

$83,000

Sommer electric, inc. was initially approved for PPP Loan of amount $83,000, the current approved amount is $83,000. The loan was approved on 04/04/2020 by The Adams Community Bank reported 8 jobs and $83,000 was used to fund payroll.

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

PPP Loan Search / MA / ADAMS / Sommer electric, inc.

SOMMER ELECTRIC, INC.

Date Approved

04/04/2020

SBA Office Code

0130

Processing Method

PPP

Borrower Name

SOMMER ELECTRIC, INC.

Borrower Address

117 GROVE ST

Borrower City

ADAMS

Borrower State

MA

Borrower Zip

01220-9707

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

83000.00

Current Approval Amount

83000.00

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

8

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

83000.00

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

30944

Originating Lender

Adams Community Bank

Originating Lender City

ADAMS

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

76458.08

Forgiveness Date

11/23/2020

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