PPP Loan information for Budget electrical & mechanical, inc.

$325,000

Budget electrical & mechanical, inc. was initially approved for PPP Loan of amount $325,000, the current approved amount is $325,000. The loan was approved on 04/07/2020 by The Atlantic Union Bank reported 40 jobs and $325,000 was used to fund payroll.

Budget electrical & mechanical, inc. is New Business or 2 years or less

PPP Loan Search / VA / PALMYRA / Budget electrical & mechanical, inc.

BUDGET ELECTRICAL & MECHANICAL, INC.

Date Approved

04/07/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

BUDGET ELECTRICAL & MECHANICAL, INC.

Borrower Address

13610 JAMES MADISON HWY

Borrower City

PALMYRA

Borrower State

VA

Borrower Zip

22963-4499

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

325000.00

Current Approval Amount

325000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122517

Servicing Lender Name

Atlantic Union Bank

Servicing Lender Address

1051 E Cary St, Ste 103

Servicing Lender City

RICHMOND

Servicing Lender State

VA

Servicing Lender Zip

23219-4029

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

PALMYRA

Project County Name

FLUVANNA

Project State

VA

Project Zip

22963-4499

CD

VA-05

Jobs Reported

40

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

325000.00

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

122517

Originating Lender

Atlantic Union Bank

Originating Lender City

RICHMOND

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

327004.17

Forgiveness Date

11/17/2020

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