PPP Loan information for Wallace electric inc.

$66,100

Wallace electric inc. was initially approved for PPP Loan of amount $66,100, the current approved amount is $66,100. The loan was approved on 04/28/2020 by The First State Bank of Middlebury reported 6 jobs and $66,100 was used to fund payroll.

Wallace electric inc. is Existing or more than 2 years old

PPP Loan Search / IN / Goshen / Wallace electric inc.

WALLACE ELECTRIC INC.

Date Approved

04/28/2020

SBA Office Code

0562

Processing Method

PPP

Borrower Name

WALLACE ELECTRIC INC.

Borrower Address

17230 CR 18

Borrower City

Goshen

Borrower State

IN

Borrower Zip

46528-8681

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

66100.00

Current Approval Amount

66100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23975

Servicing Lender Name

First State Bank of Middlebury

Servicing Lender Address

111 S Main St

Servicing Lender City

MIDDLEBURY

Servicing Lender State

IN

Servicing Lender Zip

46540

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Goshen

Project County Name

ELKHART

Project State

IN

Project Zip

46528-8681

CD

IN-02

Jobs Reported

6

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

16525.00

Payroll Proceed

49575.00

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

23975

Originating Lender

First State Bank of Middlebury

Originating Lender City

MIDDLEBURY

Originating Lender State

IN

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

66549.85

Forgiveness Date

12/31/2020

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