BEST PRACTICE ENERGY LLC (RI) - 2020 PPP Loan Borrower Profile (# 4397677100)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BEST PRACTICE ENERGY LLC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Rhode Island.

Loan Detail

Loan Number

4397677100

SBA Office Code

0165

Processing Method

PPP

Curent Loan Amount

$332,426

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$335,464

Date Loan was Forgiven

Mar 23, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

332,426

Lender

The Washington Trust Company of Westerly

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

221122

Borrower Location

WAKEFIELD, RI

Project Location

WAKEFIELD, RI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.