PPP Loan information for Industrial electric company of charlotte, the

$622,973

Industrial electric company of charlotte, the was initially approved for PPP Loan of amount $622,973, the current approved amount is $622,973. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 60 jobs and $622,973 was used to fund payroll.

Industrial electric company of charlotte, the is New Business or 2 years or less

PPP Loan Search / NC / Charlotte / Industrial electric company of charlotte, the

INDUSTRIAL ELECTRIC COMPANY OF CHARLOTTE, THE

Date Approved

05/01/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

INDUSTRIAL ELECTRIC COMPANY OF CHARLOTTE, THE

Borrower Address

5318 Old Pineville Rd

Borrower City

Charlotte

Borrower State

NC

Borrower Zip

28217

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

622973.00

Current Approval Amount

622973.00

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

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Charlotte

Project County Name

MECKLENBURG

Project State

NC

Project Zip

28217-0001

CD

NC-14

Jobs Reported

60

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

622973.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

621219.86

Forgiveness Date

03/16/2021

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