NEVTEC LTD (VT) - 2020 PPP Loan Borrower Profile (# 8439507005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to NEVTEC LTD. 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

8439507005

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$95,947.5

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$96,904.35

Date Loan was Forgiven

Apr 15, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,685.5

Payroll Proced

70,708

Rent Proceed

10,600

Health Care Proceed

11,638

Debt Interest Proceed

316

Lender

Passumpsic Savings Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

332322

Borrower Location

NEWPORT, VT

Project Location

NEWPORT, VT

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.