PPP Loan information for Watts electric inc

$356,500

Watts electric inc was initially approved for PPP Loan of amount $356,500, the current approved amount is $356,500. The loan was approved on 01/23/2021 by The German American Bank reported 25 jobs and $356,500 was used to fund payroll.

Watts electric inc is Existing or more than 2 years old

PPP Loan Search / IN / North Vernon / Watts electric inc

WATTS ELECTRIC INC

Date Approved

01/23/2021

SBA Office Code

0562

Processing Method

PPS

Borrower Name

WATTS ELECTRIC INC

Borrower Address

5100 N State Highway 7

Borrower City

North Vernon

Borrower State

IN

Borrower Zip

47265-7368

Loan Status Date

10/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

356500.00

Current Approval Amount

356500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23790

Servicing Lender Name

German American Bank

Servicing Lender Address

711 Main St

Servicing Lender City

JASPER

Servicing Lender State

IN

Servicing Lender Zip

47546-3042

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

North Vernon

Project County Name

JENNINGS

Project State

IN

Project Zip

47265-7368

CD

IN-09

Jobs Reported

25

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

356495.00

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

23790

Originating Lender

German American Bank

Originating Lender City

JASPER

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

358834.34

Forgiveness Date

09/27/2021

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