PPP Loan information for American electrical inc

$116,755

American electrical inc was initially approved for PPP Loan of amount $116,755, the current approved amount is $116,755. The loan was approved on 04/11/2020 by The Cross River Bank reported 7 jobs and $116,755 was used to fund payroll.

American electrical inc is Existing or more than 2 years old

PPP Loan Search / VA / North Chesterfield / American electrical inc

AMERICAN ELECTRICAL INC

Date Approved

04/11/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

AMERICAN ELECTRICAL INC

Borrower Address

456 Southlake Blvd

Borrower City

North Chesterfield

Borrower State

VA

Borrower Zip

23236-3045

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

116755.00

Current Approval Amount

116755.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

North Chesterfield

Project County Name

CHESTERFIELD

Project State

VA

Project Zip

23236-3045

CD

VA-01

Jobs Reported

7

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

116755.00

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

Subchapter S Corporation

Originating Lender Location Id

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

117449.13

Forgiveness Date

11/27/2020

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