PPP Loan information for It's electric inc.

$350,000

It's electric inc. was initially approved for PPP Loan of amount $350,000, the current approved amount is $350,000. The loan was approved on 01/28/2021 by The Loan Source Incorporated reported 39 jobs and $350,000 was used to fund payroll.

It's electric inc. is Existing or more than 2 years old

PPP Loan Search / VA / Chesapeake / It's electric inc.

IT'S ELECTRIC INC.

Date Approved

01/28/2021

SBA Office Code

0304

Processing Method

PPS

Borrower Name

IT'S ELECTRIC INC.

Borrower Address

3811 Cook Blvd Ste 104

Borrower City

Chesapeake

Borrower State

VA

Borrower Zip

23323-1605

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

350000.00

Current Approval Amount

350000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Chesapeake

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23323-1605

CD

VA-03

Jobs Reported

39

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

349998.00

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

123499

Originating Lender

BayFirst National Bank

Originating Lender City

Saint Petersburg

Originating Lender State

FL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

352368.49

Forgiveness Date

10/22/2021

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