Newlectric INC

$275,000 PPP Loan in Draper, Utah

Loan Details

Loan Number
5783457205
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$275,000
Current Approval
$275,000
Forgiveness Amount
$276,861
Forgiveness Date
Jan 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Newlectric INC
Address
112 W 13775 S # 9
City
Draper
State
Utah
ZIP Code
84020
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$9.9M
Rural/Urban
Urban
Congressional District
UT-03

Loan Use Breakdown

Payroll
$275,000

Lender Information

Servicing Lender
American Express National Bank
Originating Lender
American Express National Bank

Other PPP Loans in Draper, UT

BusinessApproved
Daw Construction Group, LLC$3,343,500NewBizBotAI Deep Dive
Credit Corp Services US Collections INC$3,299,340NewBizBotAI Deep Dive
Nav Technologies, Inc.$2,830,639NewBizBotAI Deep Dive
Ortho Development Corporation$2,753,604NewBizBotAI Deep Dive
Truvision Health LLC$2,740,000NewBizBotAI Deep Dive

Want to research this company further?

Try NewBizBot free