PPP Loan information for Freedom electric inc

$121,700

Freedom electric inc was initially approved for PPP Loan of amount $121,700, the current approved amount is $121,700. The loan was approved on 04/14/2020 by The TowneBank reported 13 jobs and $121,700 was used to fund payroll.

Freedom electric inc is Existing or more than 2 years old

PPP Loan Search / VA / CHESAPEAKE / Freedom electric inc

FREEDOM ELECTRIC INC

Date Approved

04/14/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

FREEDOM ELECTRIC INC

Borrower Address

301 St Brides Rd West

Borrower City

CHESAPEAKE

Borrower State

VA

Borrower Zip

23322

Loan Status Date

05/12/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

121700.00

Current Approval Amount

121700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHESAPEAKE

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23322-0001

CD

VA-02

Jobs Reported

13

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

121700.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

122842.63

Forgiveness Date

04/01/2021

;