PATCH ELECTRIC INC. (VT) - 2020 PPP Loan Borrower Profile (# 6186827107)

Updated on April 18, 2025.

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

6186827107

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$48,190

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$48,578.16

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

48,190

Lender

Community Bank, National Association

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

PROCTOR, VT

Project Location

PROCTOR, VT

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.