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Model Electric, Inc.

$334,100 PPP Loan in Norfolk, Nebraska

Loan Details

Loan Number
7355157005
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$334,100
Current Approval
$334,100
Forgiveness Amount
$335,931
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Model Electric, Inc.
Address
1506 N 1st Street
City
Norfolk
State
Nebraska
ZIP Code
68701-2906
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
29
Estimated Revenue
$9.5M
Rural/Urban
Urban
Congressional District
NE-01

Loan Use Breakdown

Payroll
$280,000
Rent
$7,500
Utilities
$2,400
Health Care
$44,200

Lender Information

Servicing Lender
Elkhorn Valley Bank & Trust
Originating Lender
Elkhorn Valley Bank & Trust

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