PPP Loan information for Electraco, inc.

$290,115

Electraco, inc. was initially approved for PPP Loan of amount $290,115, the current approved amount is $290,115. The loan was approved on 04/08/2020 by The Community Bank of the Chesapeake reported 25 jobs and $290,115 was used to fund payroll.

Electraco, inc. is Existing or more than 2 years old

PPP Loan Search / MD / WALDORF / Electraco, inc.

ELECTRACO, INC.

Date Approved

04/08/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

ELECTRACO, INC.

Borrower Address

11812 PIKA DR

Borrower City

WALDORF

Borrower State

MD

Borrower Zip

20602-2779

Loan Status Date

04/01/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

290115.00

Current Approval Amount

290115.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121705

Servicing Lender Name

Community Bank of the Chesapeake

Servicing Lender Address

3035 Leonardtown Rd PO Box 38

Servicing Lender City

Waldorf

Servicing Lender State

MD

Servicing Lender Zip

20601

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WALDORF

Project County Name

CHARLES

Project State

MD

Project Zip

20602-2779

CD

MD-05

Jobs Reported

25

NAICS Code

523110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

290115.00

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

Subchapter S Corporation

Originating Lender Location Id

121705

Originating Lender

Community Bank of the Chesapeake

Originating Lender City

Waldorf

Originating Lender State

MD

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

292157.73

Forgiveness Date

12/31/2020

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