Simoncelli Electric, Inc.

$300,707 PPP Loan in Orchard Park, New York

Loan Details

Loan Number
1086977204
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$300,707
Current Approval
$300,707
Forgiveness Amount
$302,956
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Simoncelli Electric, Inc.
Address
3740 California Road
ZIP Code
14127
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
18
Estimated Revenue
$5.9M
Rural/Urban
Urban
Congressional District
NY-23

Loan Use Breakdown

Payroll
$229,027
Rent
$24,000
Utilities
$7,800
Health Care
$29,000
Debt Interest
$10,880

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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