PPP Loan information for Mike's electric inc.

$938,199

Mike's electric inc. was initially approved for PPP Loan of amount $938,199, the current approved amount is $938,199. The loan was approved on 01/20/2021 by The Passumpsic Savings Bank reported 70 jobs and $938,199 was used to fund payroll.

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

PPP Loan Search / VT / Westfield / Mike's electric inc.

MIKE'S ELECTRIC INC.

Date Approved

01/20/2021

SBA Office Code

0150

Processing Method

PPS

Borrower Name

MIKE'S ELECTRIC INC.

Borrower Address

1571 Vt Route 100

Borrower City

Westfield

Borrower State

VT

Borrower Zip

05874-4401

Loan Status Date

03/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

938199.00

Current Approval Amount

938199.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

Westfield

Project County Name

ORLEANS

Project State

VT

Project Zip

05874-4401

CD

VT-

Jobs Reported

70

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

938196.00

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

Non-Veteran

Non Profit

Forgiveness Amount

945601.78

Forgiveness Date

11/10/2021

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