PPP Loan information for Systems electrical services, inc.

$261,400

Systems electrical services, inc. was initially approved for PPP Loan of amount $261,400, the current approved amount is $261,400. The loan was approved on 04/12/2020 by The Leader Bank, National Association reported 19 jobs and $261,400 was used to fund payroll.

Systems electrical services, inc. is Existing or more than 2 years old

PPP Loan Search / MA / CHELSEA / Systems electrical services, inc.

SYSTEMS ELECTRICAL SERVICES, INC.

Date Approved

04/12/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

SYSTEMS ELECTRICAL SERVICES, INC.

Borrower Address

5 WESLEY STREET

Borrower City

CHELSEA

Borrower State

MA

Borrower Zip

02150-1418

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

261400.00

Current Approval Amount

261400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

262380

Servicing Lender Name

Leader Bank, National Association

Servicing Lender Address

180 Massachusetts Ave

Servicing Lender City

ARLINGTON

Servicing Lender State

MA

Servicing Lender Zip

02474-8448

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CHELSEA

Project County Name

SUFFOLK

Project State

MA

Project Zip

02150-1418

CD

MA-07

Jobs Reported

19

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

196050.00

Mortgage Interest Proceed

0.00

Rent Proceed

65350.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

262380

Originating Lender

Leader Bank, National Association

Originating Lender City

ARLINGTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

263433.91

Forgiveness Date

02/02/2021

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