PPP Loan information for Independent electric supply corp.

$1,488,000

Independent electric supply corp. was initially approved for PPP Loan of amount $1,488,000, the current approved amount is $1,488,000. The loan was approved on 04/06/2020 by The City National Bank reported 85 jobs and $1,488,000 was used to fund payroll.

Independent electric supply corp. is Existing or more than 2 years old

PPP Loan Search / MA / SOMERVILLE / Independent electric supply corp.

INDEPENDENT ELECTRIC SUPPLY CORP.

Date Approved

04/06/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

INDEPENDENT ELECTRIC SUPPLY CORP.

Borrower Address

41 INNERBELT RD

Borrower City

SOMERVILLE

Borrower State

MA

Borrower Zip

02143-4406

Loan Status Date

08/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1488000.00

Current Approval Amount

1488000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4924

Servicing Lender Name

City National Bank

Servicing Lender Address

555 S Flower St

Servicing Lender City

LOS ANGELES

Servicing Lender State

CA

Servicing Lender Zip

90071-2300

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SOMERVILLE

Project County Name

MIDDLESEX

Project State

MA

Project Zip

02143-4406

CD

MA-07

Jobs Reported

85

NAICS Code

423610

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1488000.00

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

4924

Originating Lender

City National Bank

Originating Lender City

LOS ANGELES

Originating Lender State

CA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1507119.78

Forgiveness Date

08/02/2021

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