PPP Loan information for L&c electric inc

$317,339

L&c electric inc was initially approved for PPP Loan of amount $317,339, the current approved amount is $317,339. The loan was approved on 04/15/2020 by The Sandy Spring Bank reported 27 jobs and $317,339 was used to fund payroll.

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

PPP Loan Search / MD / HANOVER / L&c electric inc

L&C ELECTRIC INC

Date Approved

04/15/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

L&C ELECTRIC INC

Borrower Address

7521 Connelley Drive STE E

Borrower City

HANOVER

Borrower State

MD

Borrower Zip

21076

Loan Status Date

09/21/2021

Loan Status

Paid in Full

Term

24

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

21076-0001

CD

MD-03

Jobs Reported

27

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

79334.75

Payroll Proceed

238004.25

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

321538.31

Forgiveness Date

08/19/2021

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