As part of the Paycheck Protection Program UNIVERSAL ELECTRIC CO INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

UNIVERSAL ELECTRIC CO INC


Loan Amount	$1,399,900
BusinessName	UNIVERSAL ELECTRIC CO INC
Address	79 WAYSIDE AVE
City	WEST SPRINGFIELD
State	MA
Zip	1089
NAICSCode	238210
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	74
DateApproved	04/04/2020
Lender	New Valley Bank & Trust
CD	MA-01
BusinessName.clean	UNIVERSAL ELECTRIC CO

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

UNIVERSAL ELECTRIC COMPANY
UNIVERSAL ELECTRIC MOTOR SERVICE
UNIVERSAL ELECTRONICS
UNIVERSAL ENGRAVING
BAY VALVE SERVICE ENGINEERING