PPP Loan information for Induction electric, llc

$335,475

Induction electric, llc was initially approved for PPP Loan of amount $335,475, the current approved amount is $335,475. The loan was approved on 04/10/2020 by The Bank of America, National Association reported 29 jobs and $335,475 was used to fund payroll.

Induction electric, llc is New Business or 2 years or less

PPP Loan Search / MD / CROFTON / Induction electric, llc

INDUCTION ELECTRIC, LLC

Date Approved

04/10/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

INDUCTION ELECTRIC, LLC

Borrower Address

2145 PRIEST BRIDGE DR 2145 PRIEST BRIDGE DR STE 17

Borrower City

CROFTON

Borrower State

MD

Borrower Zip

21114-2427

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

335475.00

Current Approval Amount

335475.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

CROFTON

Project County Name

ANNE ARUNDEL

Project State

MD

Project Zip

21114-2427

CD

MD-05

Jobs Reported

29

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

335475.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

340226.80

Forgiveness Date

09/16/2021

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