PPP Loan information for Cassell electric company inc

$71,452

Cassell electric company inc was initially approved for PPP Loan of amount $71,452, the current approved amount is $71,452. The loan was approved on 01/29/2021 by The New Peoples Bank, Inc. reported 11 jobs and $71,452 was used to fund payroll.

Cassell electric company inc is Existing or more than 2 years old

PPP Loan Search / VA / Norton / Cassell electric company inc

CASSELL ELECTRIC COMPANY INC

Date Approved

01/29/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

CASSELL ELECTRIC COMPANY INC

Borrower Address

520 Hawthorne Dr NE

Borrower City

Norton

Borrower State

VA

Borrower Zip

24273-2959

Loan Status Date

10/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

71452.00

Current Approval Amount

71452.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123348

Servicing Lender Name

New Peoples Bank, Inc.

Servicing Lender Address

53 Commerce Dr

Servicing Lender City

HONAKER

Servicing Lender State

VA

Servicing Lender Zip

24260

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Norton

Project County Name

WISE

Project State

VA

Project Zip

24273-2959

CD

VA-09

Jobs Reported

11

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

71452.00

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

123348

Originating Lender

New Peoples Bank, Inc.

Originating Lender City

HONAKER

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

71910.48

Forgiveness Date

09/22/2021

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