PPP Loan information for Local electric llc

$54,412

Local electric llc was initially approved for PPP Loan of amount $54,412, the current approved amount is $54,412. The loan was approved on 05/09/2020 by The Bank of America, National Association reported 5 jobs and $54,412 was used to fund payroll.

Local electric llc is New Business or 2 years or less

PPP Loan Search / MD / MOUNT AIRY / Local electric llc

LOCAL ELECTRIC LLC

Date Approved

05/09/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

LOCAL ELECTRIC LLC

Borrower Address

204 SYCAMORE RD

Borrower City

MOUNT AIRY

Borrower State

MD

Borrower Zip

21771-2842

Loan Status Date

12/17/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

54412.00

Current Approval Amount

54412.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

MOUNT AIRY

Project County Name

FREDERICK

Project State

MD

Project Zip

21771-2842

CD

MD-06

Jobs Reported

5

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

54412.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

31503.81

Forgiveness Date

10/28/2021

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