PPP Loan information for V.i.p. electric company

$357,500

V.i.p. electric company was initially approved for PPP Loan of amount $357,500, the current approved amount is $357,500. The loan was approved on 04/15/2020 by The CNB Bank reported 14 jobs and $357,500 was used to fund payroll.

V.i.p. electric company is Existing or more than 2 years old

PPP Loan Search / OH / MENTOR / V.i.p. electric company

V.I.P. ELECTRIC COMPANY

Date Approved

04/15/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

V.I.P. ELECTRIC COMPANY

Borrower Address

8358 MENTOR AVE

Borrower City

MENTOR

Borrower State

OH

Borrower Zip

44060-5748

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

357500.00

Current Approval Amount

357500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

59954

Servicing Lender Name

CNB Bank

Servicing Lender Address

31 S Second St

Servicing Lender City

CLEARFIELD

Servicing Lender State

PA

Servicing Lender Zip

16830

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MENTOR

Project County Name

LAKE

Project State

OH

Project Zip

44060-5748

CD

OH-14

Jobs Reported

14

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

21500.00

Payroll Proceed

286000.00

Mortgage Interest Proceed

0.00

Rent Proceed

50000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

59954

Originating Lender

CNB Bank

Originating Lender City

CLEARFIELD

Originating Lender State

PA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

361368.84

Forgiveness Date

05/21/2021

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