PPP Loan information for L&c elecric inc.

$317,339

L&c elecric inc. was initially approved for PPP Loan of amount $317,339, the current approved amount is $317,339. The loan was approved on 02/03/2021 by The Sandy Spring Bank reported 27 jobs and $317,339 was used to fund payroll.

L&c elecric inc. is Existing or more than 2 years old

PPP Loan Search / MD / Hanover / L&c elecric inc.

L&C ELECRIC INC.

Date Approved

02/03/2021

SBA Office Code

0373

Processing Method

PPS

Borrower Name

L&C ELECRIC INC.

Borrower Address

7521 Connelley Dr Ste E

Borrower City

Hanover

Borrower State

MD

Borrower Zip

21076-1714

Loan Status Date

05/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

317339.00

Current Approval Amount

317339.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hanover

Project County Name

ANNE ARUNDEL

Project State

MD

Project Zip

21076-1714

CD

MD-03

Jobs Reported

27

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

317336.00

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

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

321338.34

Forgiveness Date

05/12/2022

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