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Mikes Electric INC

$938,000 PPP Loan in Westfield, Vermont

Loan Details

Loan Number
4370297006
Date Approved
Apr 3, 2020
Loan Status
Paid in Full
Initial Approval
$938,000
Current Approval
$938,000
Forgiveness Amount
$945,221
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mikes Electric INC
Address
1571 Vt Route 100
City
Westfield
State
Vermont
ZIP Code
05874-4401
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
70
Estimated Revenue
$23.0M
Rural/Urban
Rural
Congressional District
VT-

Loan Use Breakdown

Payroll
$875,900
Rent
$17,100
Utilities
$15,000
Health Care
$20,000
Debt Interest
$10,000

Lender Information

Servicing Lender
Passumpsic Savings Bank
Originating Lender
Passumpsic Savings Bank

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