STEARNS ELECTRIC COMPANY (VT) - 2020 PPP Loan Borrower Profile (# 6050748006)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to STEARNS ELECTRIC COMPANY. 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

6050748006

SBA Office Code

0150

Processing Method

PPP

Curent Loan Amount

$23,492

Date Loan was Approved

Jun 29, 2020

Amount Forgiven

$23,717.27

Date Loan was Forgiven

Jun 22, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

23,492

Lender

Intuit Financing Inc.

Business Detail

Business Type

Subchapter S Corporation

NAICS

238990

Borrower Location

RUTLAND, VT

Project Location

RUTLAND, VT

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Unanswered

Data Source: SBA.