PPP Loan information for Gate's electric inc

$95,050

Gate's electric inc was initially approved for PPP Loan of amount $95,050, the current approved amount is $95,050. The loan was approved on 04/10/2020 by The Passumpsic Savings Bank reported 8 jobs and $95,050 was used to fund payroll.

Gate's electric inc is Existing or more than 2 years old

PPP Loan Search / VT / NEWPORT / Gate's electric inc

GATE'S ELECTRIC INC

Date Approved

04/10/2020

SBA Office Code

0150

Processing Method

PPP

Borrower Name

GATE'S ELECTRIC INC

Borrower Address

468 PLEASANT ST

Borrower City

NEWPORT

Borrower State

VT

Borrower Zip

05855-9740

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

95050.00

Current Approval Amount

95050.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73045

Servicing Lender Name

Passumpsic Savings Bank

Servicing Lender Address

497 Railroad St

Servicing Lender City

SAINT JOHNSBURY

Servicing Lender State

VT

Servicing Lender Zip

05819-1643

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NEWPORT

Project County Name

ORLEANS

Project State

VT

Project Zip

05855-9740

CD

VT-

Jobs Reported

8

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

6050.00

Payroll Proceed

83000.00

Mortgage Interest Proceed

0.00

Rent Proceed

4000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

2000

Business Type

Corporation

Originating Lender Location Id

73045

Originating Lender

Passumpsic Savings Bank

Originating Lender City

SAINT JOHNSBURY

Originating Lender State

VT

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

95625.51

Forgiveness Date

11/25/2020

;