PPP Loan information for Newport electric incorporated

$27,570

Newport electric incorporated was initially approved for PPP Loan of amount $27,570, the current approved amount is $27,570. The loan was approved on 01/31/2021 by The Farmers & Merchants Bank of Long Beach reported 2 jobs and $27,570 was used to fund payroll.

Newport electric incorporated is Existing or more than 2 years old

PPP Loan Search / CA / Long Beach / Newport electric incorporated

NEWPORT ELECTRIC INCORPORATED

Date Approved

01/31/2021

SBA Office Code

0914

Processing Method

PPS

Borrower Name

NEWPORT ELECTRIC INCORPORATED

Borrower Address

1138 Los Altos Ave

Borrower City

Long Beach

Borrower State

CA

Borrower Zip

90815-4345

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

27570.00

Current Approval Amount

27570.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

5479

Servicing Lender Name

Farmers & Merchants Bank of Long Beach

Servicing Lender Address

302 Pine Ave

Servicing Lender City

LONG BEACH

Servicing Lender State

CA

Servicing Lender Zip

90802-2326

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Long Beach

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90815-4345

CD

CA-42

Jobs Reported

2

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

27567.00

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

5479

Originating Lender

Farmers & Merchants Bank of Long Beach

Originating Lender City

LONG BEACH

Originating Lender State

CA

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

27671.22

Forgiveness Date

06/23/2021

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