PPP Loan information for K c electric inc.

$391,400

K c electric inc. was initially approved for PPP Loan of amount $391,400, the current approved amount is $391,400. The loan was approved on 04/06/2020 by The Southern Bank and Trust Company reported 41 jobs and $391,400 was used to fund payroll.

K c electric inc. is Existing or more than 2 years old

PPP Loan Search / VA / VIRGINIA BEACH / K c electric inc.

K C ELECTRIC INC.

Date Approved

04/06/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

K C ELECTRIC INC.

Borrower Address

93 S FIRST COLONIAL RD

Borrower City

VIRGINIA BEACH

Borrower State

VA

Borrower Zip

23454-4633

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

391400.00

Current Approval Amount

391400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50882

Servicing Lender Name

Southern Bank and Trust Company

Servicing Lender Address

100 N Center St

Servicing Lender City

MOUNT OLIVE

Servicing Lender State

NC

Servicing Lender Zip

28365-1701

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

VIRGINIA BEACH

Project County Name

VIRGINIA BEACH CITY

Project State

VA

Project Zip

23454-4633

CD

VA-02

Jobs Reported

41

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

391400.00

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

50882

Originating Lender

Southern Bank and Trust Company

Originating Lender City

MOUNT OLIVE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

393628.81

Forgiveness Date

11/05/2020

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