Northwest Electric, Inc.

$628,932 PPP Loan in Reisterstown, Maryland

Loan Details

Loan Number
7616737110
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$628,932
Current Approval
$628,932
Forgiveness Amount
$632,843
Forgiveness Date
Dec 2, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Northwest Electric, Inc.
Address
12442 Owings Mills Boulevard
ZIP Code
21136
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (236220)
Business Age
Existing or more than 2 years old
Jobs Reported
85
Estimated Revenue
$96.8M
Rural/Urban
Urban
Congressional District
MD-02

Loan Use Breakdown

Payroll
$539,832
Rent
$16,000
Utilities
$3,500
Health Care
$64,000
Debt Interest
$5,600

Lender Information

Servicing Lender
Manufacturers and Traders Trust Company
Originating Lender
Manufacturers and Traders Trust Company

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