PPP Loan information for Lail electric service inc

$272,900

Lail electric service inc was initially approved for PPP Loan of amount $272,900, the current approved amount is $272,900. The loan was approved on 03/13/2021 by The Peoples Bank reported 28 jobs and $272,900 was used to fund payroll.

Lail electric service inc is Existing or more than 2 years old

PPP Loan Search / NC / Lincolnton / Lail electric service inc

LAIL ELECTRIC SERVICE INC

Date Approved

03/13/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

LAIL ELECTRIC SERVICE INC

Borrower Address

1420 E Main St

Borrower City

Lincolnton

Borrower State

NC

Borrower Zip

28092-3902

Loan Status Date

06/14/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

272900.00

Current Approval Amount

272900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50396

Servicing Lender Name

Peoples Bank

Servicing Lender Address

518 W 'C' St

Servicing Lender City

NEWTON

Servicing Lender State

NC

Servicing Lender Zip

28658

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lincolnton

Project County Name

LINCOLN

Project State

NC

Project Zip

28092-3902

CD

NC-10

Jobs Reported

28

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

272899.00

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

Cooperative

Originating Lender Location Id

50396

Originating Lender

Peoples Bank

Originating Lender City

NEWTON

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

276152.06

Forgiveness Date

05/26/2022

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