PPP Loan information for Foster electric company inc

$355,500

Foster electric company inc was initially approved for PPP Loan of amount $355,500, the current approved amount is $355,500. The loan was approved on 04/09/2020 by The Truist Bank reported 25 jobs and $355,500 was used to fund payroll.

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

PPP Loan Search / VA / LYNCHBURG / Foster electric company inc

FOSTER ELECTRIC COMPANY INC

Date Approved

04/09/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

FOSTER ELECTRIC COMPANY INC

Borrower Address

1420 CAMPBELL AVE

Borrower City

LYNCHBURG

Borrower State

VA

Borrower Zip

24501-2820

Loan Status Date

04/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

355500.00

Current Approval Amount

355500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LYNCHBURG

Project County Name

LYNCHBURG CITY

Project State

VA

Project Zip

24501-2820

CD

VA-05

Jobs Reported

25

NAICS Code

423690

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

355500.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

358610.62

Forgiveness Date

03/02/2021

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