HECTIC ELECTRIC INC (VT) - 2020 PPP Loan Borrower Profile (# 5624727010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to HECTIC 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

5624727010

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$44,400

Date Loan was Approved

Apr 6, 2020

Amount Forgiven

$44,869.55

Date Loan was Forgiven

May 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

42,522

Health Care Proceed

1,878

Lender

The Bank of Bennington

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

WEST PAWLET, VT

Project Location

WEST PAWLET, 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.