PPP Loan information for Highway electric inc

$164,600

Highway electric inc was initially approved for PPP Loan of amount $164,600, the current approved amount is $164,600. The loan was approved on 04/06/2020 by The Newport News Shipbuilding Empl CU Inc d/b/a BayPort CU reported 17 jobs and $164,600 was used to fund payroll.

Highway electric inc is Existing or more than 2 years old

PPP Loan Search / VA / CHESAPEAKE / Highway electric inc

HIGHWAY ELECTRIC INC

Date Approved

04/06/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

HIGHWAY ELECTRIC INC

Borrower Address

937 FENTRESS AIRFIELD RD

Borrower City

CHESAPEAKE

Borrower State

VA

Borrower Zip

23322-1366

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

164600.00

Current Approval Amount

164600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

107246

Servicing Lender Name

Newport News Shipbuilding Empl CU Inc d/b/a BayPort CU

Servicing Lender Address

One Bayport Way, Ste 350

Servicing Lender City

NEWPORT NEWS

Servicing Lender State

VA

Servicing Lender Zip

23606-4571

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

23322-1366

CD

VA-02

Jobs Reported

17

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

164600.00

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

107246

Originating Lender

Newport News Shipbuilding Empl CU Inc d/b/a BayPort CU

Originating Lender City

NEWPORT NEWS

Originating Lender State

VA

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

165547.01

Forgiveness Date

11/03/2020

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