PPP Loan information for Gelco construction co

$686,760

Gelco construction co was initially approved for PPP Loan of amount $706,000, the current approved amount is $686,760. The loan was approved on 04/11/2020 by The Bank of the Pacific reported 40 jobs and $686,760 was used to fund payroll.

Gelco construction co is Existing or more than 2 years old

PPP Loan Search / OR / SALEM / Gelco construction co

GELCO CONSTRUCTION CO

Date Approved

04/11/2020

SBA Office Code

1086

Processing Method

PPP

Borrower Name

GELCO CONSTRUCTION CO

Borrower Address

1745 SALEM INDUSTRIAL DR NE

Borrower City

SALEM

Borrower State

OR

Borrower Zip

97301-0377

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

706000.00

Current Approval Amount

686760.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

74177

Servicing Lender Name

Bank of the Pacific

Servicing Lender Address

1216 Skyview Dr

Servicing Lender City

ABERDEEN

Servicing Lender State

WA

Servicing Lender Zip

98520-1067

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SALEM

Project County Name

MARION

Project State

OR

Project Zip

97301-0377

CD

OR-05

Jobs Reported

40

NAICS Code

237310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

669885.00

Mortgage Interest Proceed

0.00

Rent Proceed

11875.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

74177

Originating Lender

Bank of the Pacific

Originating Lender City

ABERDEEN

Originating Lender State

WA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

690560.70

Forgiveness Date

11/03/2020

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