Northern Electric Company INC

$365,000 PPP Loan in South Bend, Indiana

Loan Details

Loan Number
5541367003
Date Approved
Apr 5, 2020
Loan Status
Paid in Full
Initial Approval
$365,000
Current Approval
$365,000
Forgiveness Amount
$367,474
Forgiveness Date
Dec 15, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Northern Electric Company INC
Address
116 N Hill Street
State
Indiana
ZIP Code
46617-2718
Business Type
Subchapter S Corporation
Industry (NAICS)
Other Services (except Public Administration) (811310)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$5.6M
Rural/Urban
Urban
Congressional District
IN-02

Loan Use Breakdown

Payroll
$365,000

Lender Information

Servicing Lender
1st Source Bank
Originating Lender
1st Source Bank

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