PPP Loan information for Beacon electrical distributors, inc.

$165,320

Beacon electrical distributors, inc. was initially approved for PPP Loan of amount $165,320, the current approved amount is $165,320. The loan was approved on 04/15/2020 by The Eastern Bank reported 10 jobs and $165,320 was used to fund payroll.

Beacon electrical distributors, inc. is Existing or more than 2 years old

PPP Loan Search / MA / MEDFORD / Beacon electrical distributors, inc.

BEACON ELECTRICAL DISTRIBUTORS, INC.

Date Approved

04/15/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

BEACON ELECTRICAL DISTRIBUTORS, INC.

Borrower Address

461 Riverside Ave

Borrower City

MEDFORD

Borrower State

MA

Borrower Zip

02155-4944

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

165320.00

Current Approval Amount

165320.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32987

Servicing Lender Name

Eastern Bank

Servicing Lender Address

265 Franklin St

Servicing Lender City

BOSTON

Servicing Lender State

MA

Servicing Lender Zip

02110-3113

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MEDFORD

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02155-4944

CD

MA-05

Jobs Reported

10

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

165320.00

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

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

167303.84

Forgiveness Date

06/24/2021

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