PPP Loan information for Gates electric inc

$88,340

Gates electric inc was initially approved for PPP Loan of amount $88,340, the current approved amount is $88,340. The loan was approved on 02/05/2021 by The Passumpsic Savings Bank reported 9 jobs and $88,340 was used to fund payroll.

Gates electric inc is Existing or more than 2 years old

PPP Loan Search / VT / Newport / Gates electric inc

GATES ELECTRIC INC

Date Approved

02/05/2021

SBA Office Code

0150

Processing Method

PPS

Borrower Name

GATES ELECTRIC INC

Borrower Address

468 Pleasant St

Borrower City

Newport

Borrower State

VT

Borrower Zip

05855-9740

Loan Status Date

03/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

88340.00

Current Approval Amount

88340.00

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

9

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

88340.00

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

73045

Originating Lender

Passumpsic Savings Bank

Originating Lender City

SAINT JOHNSBURY

Originating Lender State

VT

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

88828.90

Forgiveness Date

09/01/2021

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