PPP Loan information for Arc electric, inc.

$615,000

Arc electric, inc. was initially approved for PPP Loan of amount $1,500,000, the current approved amount is $615,000. The loan was approved on 04/05/2020 by The BankUnited, National Association reported 45 jobs and $615,000 was used to fund payroll.

Arc electric, inc. is New Business or 2 years or less

PPP Loan Search / FL / DAVIE / Arc electric, inc.

ARC ELECTRIC, INC.

Date Approved

04/05/2020

SBA Office Code

0455

Processing Method

PPP

Borrower Name

ARC ELECTRIC, INC.

Borrower Address

3328 SW 46TH AVE

Borrower City

DAVIE

Borrower State

FL

Borrower Zip

33314-2215

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1500000.00

Current Approval Amount

615000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

464999

Servicing Lender Name

BankUnited, National Association

Servicing Lender Address

14817 Oak Lane

Servicing Lender City

MIAMI LAKES

Servicing Lender State

FL

Servicing Lender Zip

33016-1517

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

DAVIE

Project County Name

BROWARD

Project State

FL

Project Zip

33314-2215

CD

FL-25

Jobs Reported

45

NAICS Code

238210

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

615000.00

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

464999

Originating Lender

BankUnited, National Association

Originating Lender City

MIAMI LAKES

Originating Lender State

FL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

619766.25

Forgiveness Date

01/20/2021

;