PPP Loan information for Walco electric company

$895,500

Walco electric company was initially approved for PPP Loan of amount $895,500, the current approved amount is $895,500. The loan was approved on 04/06/2020 by The The Washington Trust Company of Westerly reported 68 jobs and $895,500 was used to fund payroll.

Walco electric company is Existing or more than 2 years old

PPP Loan Search / RI / PROVIDENCE / Walco electric company

WALCO ELECTRIC COMPANY

Date Approved

04/06/2020

SBA Office Code

0165

Processing Method

PPP

Borrower Name

WALCO ELECTRIC COMPANY

Borrower Address

303 ALLENS AVE

Borrower City

PROVIDENCE

Borrower State

RI

Borrower Zip

02905-5006

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

895500.00

Current Approval Amount

895500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

65777

Servicing Lender Name

The Washington Trust Company of Westerly

Servicing Lender Address

23 Broad St

Servicing Lender City

WESTERLY

Servicing Lender State

RI

Servicing Lender Zip

02891-1879

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

PROVIDENCE

Project County Name

PROVIDENCE

Project State

RI

Project Zip

02905-5006

CD

RI-01

Jobs Reported

68

NAICS Code

335312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

895500.00

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

65777

Originating Lender

The Washington Trust Company of Westerly

Originating Lender City

WESTERLY

Originating Lender State

RI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

904206.25

Forgiveness Date

04/05/2021

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