CONCEPTS NREC LLC (VT) - 2020 PPP Loan Borrower Profile (# 4452157003)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to CONCEPTS NREC 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 Vermont.

Loan Detail

Loan Number

4452157003

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$1,501,000

Date Loan was Approved

Apr 3, 2020

Amount Forgiven

$1,509,060.16

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

1,484,100

Health Care Proceed

16,900

Lender

Community National Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

541330

Borrower Location

WHITE RIVER JUNCTION, VT

Project Location

WHITE RIVER JUNCTION, 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.