PPP Loan information for Davis electric company inc

$401,100

Davis electric company inc was initially approved for PPP Loan of amount $401,100, the current approved amount is $401,100. The loan was approved on 03/16/2021 by The Peoples Bank reported 40 jobs and $401,100 was used to fund payroll.

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

PPP Loan Search / WV / Fairmont / Davis electric company inc

DAVIS ELECTRIC COMPANY INC

Date Approved

03/16/2021

SBA Office Code

0390

Processing Method

PPS

Borrower Name

DAVIS ELECTRIC COMPANY INC

Borrower Address

309 Mound Ave

Borrower City

Fairmont

Borrower State

WV

Borrower Zip

26554-3312

Loan Status Date

01/20/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

401100.00

Current Approval Amount

401100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57732

Servicing Lender Name

Peoples Bank

Servicing Lender Address

138 Putnam St

Servicing Lender City

MARIETTA

Servicing Lender State

OH

Servicing Lender Zip

45750-2923

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Fairmont

Project County Name

MARION

Project State

WV

Project Zip

26554-3312

CD

WV-02

Jobs Reported

40

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

401096.00

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

57732

Originating Lender

Peoples Bank

Originating Lender City

MARIETTA

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

403851.99

Forgiveness Date

12/01/2021

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