PPP Loan information for Electric motor and contracting company

$3,779,300

Electric motor and contracting company was initially approved for PPP Loan of amount $3,779,300, the current approved amount is $3,779,300. The loan was approved on 04/27/2020 by The Live Oak Banking Company reported 244 jobs and $3,779,300 was used to fund payroll.

Electric motor and contracting company is Existing or more than 2 years old

PPP Loan Search / VA / Chesapeake / Electric motor and contracting company

ELECTRIC MOTOR AND CONTRACTING COMPANY

Date Approved

04/27/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

ELECTRIC MOTOR AND CONTRACTING COMPANY

Borrower Address

3703 Cook Blvd

Borrower City

Chesapeake

Borrower State

VA

Borrower Zip

23323

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3779300.00

Current Approval Amount

3779300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

455644

Servicing Lender Name

Live Oak Banking Company

Servicing Lender Address

1741 Tiburon Dr

Servicing Lender City

WILMINGTON

Servicing Lender State

NC

Servicing Lender Zip

28403-6244

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Chesapeake

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23323-0001

CD

VA-02

Jobs Reported

244

NAICS Code

335312

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3779300.00

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

455644

Originating Lender

Live Oak Banking Company

Originating Lender City

WILMINGTON

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3820820.53

Forgiveness Date

06/04/2021

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