New Way Electric, Inc.

$550,400 PPP Loan in Eugene, Oregon

Loan Details

Loan Number
4947477007
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$550,400
Current Approval
$550,400
Forgiveness Amount
$554,758
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
New Way Electric, Inc.
Address
4202 W 6th Ave
City
Eugene
State
Oregon
ZIP Code
97402-5307
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
35
Estimated Revenue
$11.5M
Rural/Urban
Urban
Congressional District
OR-04

Loan Use Breakdown

Payroll
$486,563
Rent
$25,543
Utilities
$2,295
Health Care
$36,000

Lender Information

Servicing Lender
Oregon Pacific Banking Company DBA Oregon Pacific Bank
Originating Lender
Oregon Pacific Banking Company DBA Oregon Pacific Bank

Other PPP Loans in Eugene, OR

BusinessApproved
Seneca Sawmill Company$7,023,351NewBizBotAI Deep Dive
Mlf Group LLC$5,449,700NewBizBotAI Deep Dive
Slocum Orthopedics, PC$4,696,100NewBizBotAI Deep Dive
Industrial Finishes & Systems, Inc.$4,507,450NewBizBotAI Deep Dive
Lanz Cabinet Shop, Inc.$4,480,125NewBizBotAI Deep Dive

Want to research this company further?

Try NewBizBot free