PPP Loan information for Wetmore electric inc.

$51,928

Wetmore electric inc. was initially approved for PPP Loan of amount $51,928, the current approved amount is $51,928. The loan was approved on 04/10/2020 by The Eastern Bank reported 3 jobs and $51,928 was used to fund payroll.

Wetmore electric inc. is New Business or 2 years or less

PPP Loan Search / MA / SALEM / Wetmore electric inc.

WETMORE ELECTRIC INC.

Date Approved

04/10/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

WETMORE ELECTRIC INC.

Borrower Address

53 MASON ST

Borrower City

SALEM

Borrower State

MA

Borrower Zip

01970-2252

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

51927.50

Current Approval Amount

51927.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32987

Servicing Lender Name

Eastern Bank

Servicing Lender Address

265 Franklin St

Servicing Lender City

BOSTON

Servicing Lender State

MA

Servicing Lender Zip

02110-3113

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

SALEM

Project County Name

ESSEX

Project State

MA

Project Zip

01970-2252

CD

MA-06

Jobs Reported

3

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

51927.50

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

32987

Originating Lender

Eastern Bank

Originating Lender City

BOSTON

Originating Lender State

MA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

52528.99

Forgiveness Date

06/14/2021

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