PPP Loan information for Verde electric corp

$2,000,000

Verde electric corp was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 03/24/2021 by The Manufacturers and Traders Trust Company reported 232 jobs and $2,000,000 was used to fund payroll.

Verde electric corp is Existing or more than 2 years old

PPP Loan Search / NY / Mount Vernon / Verde electric corp

VERDE ELECTRIC CORP

Date Approved

03/24/2021

SBA Office Code

0202

Processing Method

PPS

Borrower Name

VERDE ELECTRIC CORP

Borrower Address

89 Edison Ave

Borrower City

Mount Vernon

Borrower State

NY

Borrower Zip

10550-5000

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

46391

Servicing Lender Name

Manufacturers and Traders Trust Company

Servicing Lender Address

One M & T Plaza, 15th Fl

Servicing Lender City

BUFFALO

Servicing Lender State

NY

Servicing Lender Zip

14203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Mount Vernon

Project County Name

WESTCHESTER

Project State

NY

Project Zip

10550-5000

CD

NY-16

Jobs Reported

232

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999997.00

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

46391

Originating Lender

Manufacturers and Traders Trust Company

Originating Lender City

BUFFALO

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2012547.95

Forgiveness Date

11/12/2021

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