MIKES ELECTRIC INC (VT) - 2020 PPP Loan Borrower Profile (# 4370297006)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to MIKES ELECTRIC INC. The PPP program was intended to provide incentives for small businesses to keep their workers on payroll.
You can see similar information for other borrowers in Vermont.
Loan Detail
Loan Number
4370297006
SBA Office Code
0150
Processing Method
PPP
Curent Loan Amount
$938,000
Date Loan was Approved
Apr 3, 2020
Amount Forgiven
$945,221.32
Date Loan was Forgiven
Jan 20, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Utilities Proced
15,000
Payroll Proced
875,900
Rent Proceed
17,100
Health Care Proceed
20,000
Debt Interest Proceed
10,000
Lender
Passumpsic Savings Bank
Business Detail
Business Type
Corporation
NAICS
238210
Borrower Location
WESTFIELD, VT
Project Location
WESTFIELD, VT
Rural/Urban
Rural
Hubzone
Yes
Labor Market Information (LMI)
No
Jobs Reported
70
Business Age Description
Existing or more than 2 years old
Data Source: SBA.