Ram Electric, Inc.

$257,470 PPP Loan in Sandy, Utah

Loan Details

Loan Number
1782927705
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$257,470
Current Approval
$257,470
Forgiveness Amount
$260,007
Forgiveness Date
Apr 29, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Ram Electric, Inc.
Address
183 Cottage Ave
City
Sandy
State
Utah
ZIP Code
84070
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (335999)
Business Age
Existing or more than 2 years old
Jobs Reported
27
Estimated Revenue
$7.1M
Rural/Urban
Urban
Congressional District
UT-03

Loan Use Breakdown

Payroll
$239,470
Rent
$4,375
Utilities
$4,685
Health Care
$8,940

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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