PPP Loan information for Ideal power electrical contracting, inc.

Date Approved

04/27/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

IDEAL POWER ELECTRICAL CONTRACTING, INC.

Borrower Address

4048 Baltimore National Pike

Borrower City

Mount Airy

Borrower State

MD

Borrower Zip

21771-4113

Loan Status Date

06/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

84700.00

Current Approval Amount

84700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

484528

Servicing Lender Name

CRF Small Business Loan Company, LLC

Servicing Lender Address

801 Nicollet Mall Suite 1700 West

Servicing Lender City

MINNEAPOLIS

Servicing Lender State

MN

Servicing Lender Zip

55402

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

Mount Airy

Project County Name

CARROLL

Project State

MD

Project Zip

21771-4113

CD

MD-03

Jobs Reported

5

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

84700.00

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

484528

Originating Lender

CRF Small Business Loan Company, LLC

Originating Lender City

MINNEAPOLIS

Originating Lender State

MN

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

85625.90

Forgiveness Date

06/08/2021