PPP Loan information for Design electric inc

$2,476,000

Design electric inc was initially approved for PPP Loan of amount $2,476,000, the current approved amount is $2,476,000. The loan was approved on 04/07/2020 by The Virginia National Bank reported 228 jobs and $2,476,000 was used to fund payroll.

Design electric inc is Existing or more than 2 years old

PPP Loan Search / VA / CHARLOTTESVILLE / Design electric inc

DESIGN ELECTRIC INC

Date Approved

04/07/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

DESIGN ELECTRIC INC

Borrower Address

1307 Carlton Avenue

Borrower City

CHARLOTTESVILLE

Borrower State

VA

Borrower Zip

22902-5887

Loan Status Date

01/13/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2476000.00

Current Approval Amount

2476000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123036

Servicing Lender Name

Virginia National Bank

Servicing Lender Address

222 E Main St

Servicing Lender City

CHARLOTTESVILLE

Servicing Lender State

VA

Servicing Lender Zip

22902-5232

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CHARLOTTESVILLE

Project County Name

CHARLOTTESVILLE CITY

Project State

VA

Project Zip

22902-5887

CD

VA-05

Jobs Reported

228

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

2476000.00

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

Employee Stock Ownership Plan(ESOP)

Originating Lender Location Id

123036

Originating Lender

Virginia National Bank

Originating Lender City

CHARLOTTESVILLE

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2518779.78

Forgiveness Date

12/23/2021

;