PPP Loan information for Carmel electric inc

$423,026

Carmel electric inc was initially approved for PPP Loan of amount $423,026, the current approved amount is $423,026. The loan was approved on 02/11/2021 by The Machias Savings Bank reported 32 jobs and $423,026 was used to fund payroll.

Carmel electric inc is Existing or more than 2 years old

PPP Loan Search / ME / Hermon / Carmel electric inc

CARMEL ELECTRIC INC

Date Approved

02/11/2021

SBA Office Code

0172

Processing Method

PPS

Borrower Name

CARMEL ELECTRIC INC

Borrower Address

15 Lexington Drive

Borrower City

Hermon

Borrower State

ME

Borrower Zip

04401

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

423026.00

Current Approval Amount

423026.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

29760

Servicing Lender Name

Machias Savings Bank

Servicing Lender Address

4 Center St

Servicing Lender City

MACHIAS

Servicing Lender State

ME

Servicing Lender Zip

04654-1110

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hermon

Project County Name

PENOBSCOT

Project State

ME

Project Zip

04401

CD

ME-02

Jobs Reported

32

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

423024.00

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

29760

Originating Lender

Machias Savings Bank

Originating Lender City

MACHIAS

Originating Lender State

ME

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

425564.16

Forgiveness Date

09/17/2021

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