PPP Loan information for Model electric, inc.

$334,100

Model electric, inc. was initially approved for PPP Loan of amount $334,100, the current approved amount is $334,100. The loan was approved on 04/07/2020 by The Elkhorn Valley Bank & Trust reported 29 jobs and $334,100 was used to fund payroll.

Model electric, inc. is Existing or more than 2 years old

PPP Loan Search / NE / NORFOLK / Model electric, inc.

MODEL ELECTRIC, INC.

Date Approved

04/07/2020

SBA Office Code

0766

Processing Method

PPP

Borrower Name

MODEL ELECTRIC, INC.

Borrower Address

1506 N 1ST STREET

Borrower City

NORFOLK

Borrower State

NE

Borrower Zip

68701-2906

Loan Status Date

12/11/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

334100.00

Current Approval Amount

334100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

42251

Servicing Lender Name

Elkhorn Valley Bank & Trust

Servicing Lender Address

404 S 25th St

Servicing Lender City

NORFOLK

Servicing Lender State

NE

Servicing Lender Zip

68701-2801

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NORFOLK

Project County Name

MADISON

Project State

NE

Project Zip

68701-2906

CD

NE-01

Jobs Reported

29

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2400.00

Payroll Proceed

280000.00

Mortgage Interest Proceed

0.00

Rent Proceed

7500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

44200.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

42251

Originating Lender

Elkhorn Valley Bank & Trust

Originating Lender City

NORFOLK

Originating Lender State

NE

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

335930.68

Forgiveness Date

11/03/2020

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