PPP Loan information for A m electric inc

$289,700

A m electric inc was initially approved for PPP Loan of amount $289,700, the current approved amount is $289,700. The loan was approved on 04/15/2020 by The Banco Popular de Puerto Rico reported 54 jobs and $289,700 was used to fund payroll.

A m electric inc is Existing or more than 2 years old

PPP Loan Search / PR / MAYAGUEZ / A m electric inc

A M ELECTRIC INC

Date Approved

04/15/2020

SBA Office Code

0252

Processing Method

PPP

Borrower Name

A M ELECTRIC INC

Borrower Address

SECTOR CONCORDIA 105 CALLE JOSE G PADILLA MODULO 202

Borrower City

MAYAGUEZ

Borrower State

PR

Borrower Zip

00680

Loan Status Date

09/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

289700.00

Current Approval Amount

289700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123840

Servicing Lender Name

Banco Popular de Puerto Rico

Servicing Lender Address

209 Avenida Luis Mu<td,n>oz Rivera

Servicing Lender City

SAN JUAN

Servicing Lender State

PR

Servicing Lender Zip

00918

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MAYAGUEZ

Project County Name

MAYAGUEZ

Project State

PR

Project Zip

00680-1200

CD

PR-

Jobs Reported

54

NAICS Code

238210

Race

American Indian or Alaska Native

Ethnicity

Hispanic or Latino

Utilities Proceed

9000.00

Payroll Proceed

272600.00

Mortgage Interest Proceed

6000.00

Rent Proceed

2100.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

123840

Originating Lender

Banco Popular de Puerto Rico

Originating Lender City

SAN JUAN

Originating Lender State

PR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

292138.31

Forgiveness Date

02/19/2021

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