PPP Loan information for Adams electric company

$4,285,900

Adams electric company was initially approved for PPP Loan of amount $4,285,900, the current approved amount is $4,285,900. The loan was approved on 04/09/2020 by The First Bank reported 325 jobs and $4,285,900 was used to fund payroll.

Adams electric company is Existing or more than 2 years old

PPP Loan Search / NC / GREENSBORO / Adams electric company

ADAMS ELECTRIC COMPANY

Date Approved

04/09/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ADAMS ELECTRIC COMPANY

Borrower Address

401 N. Elm St

Borrower City

GREENSBORO

Borrower State

NC

Borrower Zip

27401-2112

Loan Status Date

09/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4285900.00

Current Approval Amount

4285900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

51812

Servicing Lender Name

First Bank

Servicing Lender Address

205 SE Broad St

Servicing Lender City

SOUTHERN PINES

Servicing Lender State

NC

Servicing Lender Zip

28387-6106

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GREENSBORO

Project County Name

GUILFORD

Project State

NC

Project Zip

27401-2112

CD

NC-06

Jobs Reported

325

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

4285900.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

51812

Originating Lender

First Bank

Originating Lender City

SOUTHERN PINES

Originating Lender State

NC

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

4345426.39

Forgiveness Date

08/31/2021

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