PPP Loan information for Budd electric co

$196,962

Budd electric co was initially approved for PPP Loan of amount $196,962, the current approved amount is $196,962. The loan was approved on 04/15/2020 by The American Bank, National Association reported 19 jobs and $196,962 was used to fund payroll.

Budd electric co is Existing or more than 2 years old

PPP Loan Search / TX / CORPUS CHRISTI / Budd electric co

BUDD ELECTRIC CO

Date Approved

04/15/2020

SBA Office Code

0639

Processing Method

PPP

Borrower Name

BUDD ELECTRIC CO

Borrower Address

PO BOX 270022

Borrower City

CORPUS CHRISTI

Borrower State

TX

Borrower Zip

78427-0022

Loan Status Date

02/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

196962.00

Current Approval Amount

196962.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

69225

Servicing Lender Name

American Bank, National Association

Servicing Lender Address

5120 S. Padre Island Dr

Servicing Lender City

CORPUS CHRISTI

Servicing Lender State

TX

Servicing Lender Zip

78411-4208

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CORPUS CHRISTI

Project County Name

NUECES

Project State

TX

Project Zip

78427-0022

CD

TX-27

Jobs Reported

19

NAICS Code

238310

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

157570.00

Mortgage Interest Proceed

0.00

Rent Proceed

39392.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

69225

Originating Lender

American Bank, National Association

Originating Lender City

CORPUS CHRISTI

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

198504.87

Forgiveness Date

01/28/2021

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