COLE ELECTRIC INC. (VT) - 2020 PPP Loan Borrower Profile (# 1554638303)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to COLE ELECTRIC INC.. 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 Vermont.

Loan Detail

Loan Number

1554638303

SBA Office Code

0150

Processing Method

PPS

Curent Loan Amount

$365,000

Date Loan was Approved

Jan 17, 2021

Amount Forgiven

$368,760

Date Loan was Forgiven

Feb 2, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

364,997

Lender

Ledyard National Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

East Thetford, VT

Project Location

East Thetford, VT

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.