Marion Electric, INC

$45,700 PPP Loan in Holyoke, Massachusetts

Loan Details

Loan Number
6110087005
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$45,700
Current Approval
$45,700
Forgiveness Amount
$45,947
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Marion Electric, INC
Address
394 Mountain Rd.
ZIP Code
01040-9525
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
3
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MA-01

Loan Use Breakdown

Payroll
$40,000
Rent
$5,000
Utilities
$700

Lender Information

Servicing Lender
New Valley Bank & Trust
Originating Lender
New Valley Bank & Trust

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