PPP Loan information for Burns electric inc

$662,250

Burns electric inc was initially approved for PPP Loan of amount $662,250, the current approved amount is $662,250. The loan was approved on 01/22/2021 by The Charter Bank reported 23 jobs and $662,250 was used to fund payroll.

Burns electric inc is Existing or more than 2 years old

PPP Loan Search / IA / Des Moines / Burns electric inc

BURNS ELECTRIC INC

Date Approved

01/22/2021

SBA Office Code

0761

Processing Method

PPS

Borrower Name

BURNS ELECTRIC INC

Borrower Address

6529 NW 6th Dr

Borrower City

Des Moines

Borrower State

IA

Borrower Zip

50313-1170

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

662250.00

Current Approval Amount

662250.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122736

Servicing Lender Name

Charter Bank

Servicing Lender Address

5526 NW 86th St

Servicing Lender City

JOHNSTON

Servicing Lender State

IA

Servicing Lender Zip

50131-2928

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Des Moines

Project County Name

POLK

Project State

IA

Project Zip

50313-1170

CD

IA-03

Jobs Reported

23

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

662249.00

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

122736

Originating Lender

Charter Bank

Originating Lender City

JOHNSTON

Originating Lender State

IA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

668835.71

Forgiveness Date

01/21/2022

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