PPP Loan information for Mikes electric inc

$938,000

Mikes electric inc was initially approved for PPP Loan of amount $938,000, the current approved amount is $938,000. The loan was approved on 04/03/2020 by The Passumpsic Savings Bank reported 70 jobs and $938,000 was used to fund payroll.

Mikes electric inc is Existing or more than 2 years old

MIKES ELECTRIC INC

Date Approved

04/03/2020

SBA Office Code

0150

Processing Method

PPP

Borrower Name

MIKES ELECTRIC INC

Borrower Address

1571 VT ROUTE 100

Borrower City

WESTFIELD

Borrower State

VT

Borrower Zip

05874-4401

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

938000.00

Current Approval Amount

938000.00

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

15000.00

Payroll Proceed

875900.00

Mortgage Interest Proceed

0.00

Rent Proceed

17100.00

Refinance EIDL Proceed

0.00

Health Care Proceed

20000.00

Debt Interest Proceed

10000

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

945221.32

Forgiveness Date

01/20/2021

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