PPP Loan information for Arc electric company of indian trail

$287,358

Arc electric company of indian trail was initially approved for PPP Loan of amount $287,358, the current approved amount is $287,358. The loan was approved on 04/14/2020 by The First Horizon Bank reported 28 jobs and $287,358 was used to fund payroll.

Arc electric company of indian trail is Existing or more than 2 years old

PPP Loan Search / NC / MONROE / Arc electric company of indian trail

ARC ELECTRIC COMPANY OF INDIAN TRAIL

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ARC ELECTRIC COMPANY OF INDIAN TRAIL

Borrower Address

5615 CANNON DR

Borrower City

MONROE

Borrower State

NC

Borrower Zip

28110

Loan Status Date

09/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

287357.50

Current Approval Amount

287357.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MONROE

Project County Name

UNION

Project State

NC

Project Zip

28110-0001

CD

NC-08

Jobs Reported

28

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

287357.50

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

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

291077.18

Forgiveness Date

08/05/2021

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