PPP Loan information for Faraday, inc.
$561,900
Faraday, inc. was initially approved for PPP Loan of amount $561,900, the current approved amount is $561,900. The loan was approved on 04/08/2020 by The National Bank of Middlebury reported 41 jobs and $561,900 was used to fund payroll.
Faraday, inc. is Existing or more than 2 years old
FARADAY, INC.
Date Approved
04/08/2020
SBA Office Code
0150
Processing Method
PPP
Borrower Name
FARADAY, INC.
Borrower Address
431 PINE ST
Borrower City
BURLINGTON
Borrower State
VT
Borrower Zip
05401-4726
Loan Status Date
03/05/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
561900.00
Current Approval Amount
561900.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
72992
Servicing Lender Name
National Bank of Middlebury
Servicing Lender Address
30 Main St
Servicing Lender City
MIDDLEBURY
Servicing Lender State
VT
Servicing Lender Zip
05753-1416
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
BURLINGTON
Project County Name
CHITTENDEN
Project State
VT
Project Zip
05401-4726
CD
VT-
Jobs Reported
41
NAICS Code
541511
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
0.00
Payroll Proceed
561900.00
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
72992
Originating Lender
National Bank of Middlebury
Originating Lender City
MIDDLEBURY
Originating Lender State
VT
Gender
Unanswered
Veteran
Unanswered
Non Profit
Forgiveness Amount
566610.72
Forgiveness Date
02/17/2021