PPP Loan information for Favco electric inc

$97,915

Favco electric inc was initially approved for PPP Loan of amount $97,915, the current approved amount is $97,915. The loan was approved on 01/20/2021 by The RCB Bank reported 14 jobs and $97,915 was used to fund payroll.

Favco electric inc is Existing or more than 2 years old

FAVCO ELECTRIC INC

Date Approved

01/20/2021

SBA Office Code

0680

Processing Method

PPS

Borrower Name

FAVCO ELECTRIC INC

Borrower Address

505 South A Ave

Borrower City

Oilton

Borrower State

OK

Borrower Zip

74052

Loan Status Date

07/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

97915.00

Current Approval Amount

97915.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58846

Servicing Lender Name

RCB Bank

Servicing Lender Address

300 W Patti Page Blvd

Servicing Lender City

CLAREMORE

Servicing Lender State

OK

Servicing Lender Zip

74017-8039

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Oilton

Project County Name

CREEK

Project State

OK

Project Zip

74052

CD

OK-03

Jobs Reported

14

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

97912.00

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

58846

Originating Lender

RCB Bank

Originating Lender City

CLAREMORE

Originating Lender State

OK

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

98328.42

Forgiveness Date

06/23/2021

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