PPP Loan information for Lubbock electric co, inc

$991,100

Lubbock electric co, inc was initially approved for PPP Loan of amount $991,100, the current approved amount is $991,100. The loan was approved on 01/16/2021 by The Western Bank reported 78 jobs and $991,100 was used to fund payroll.

Lubbock electric co, inc is Existing or more than 2 years old

PPP Loan Search / TX / Lubbock / Lubbock electric co, inc

LUBBOCK ELECTRIC CO, INC

Date Approved

01/16/2021

SBA Office Code

0678

Processing Method

PPS

Borrower Name

LUBBOCK ELECTRIC CO, INC

Borrower Address

1108 34th St

Borrower City

Lubbock

Borrower State

TX

Borrower Zip

79411-2731

Loan Status Date

09/22/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

991100.00

Current Approval Amount

991100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

72054

Servicing Lender Name

Western Bank

Servicing Lender Address

1617 Broadway

Servicing Lender City

LUBBOCK

Servicing Lender State

TX

Servicing Lender Zip

79401-3120

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lubbock

Project County Name

LUBBOCK

Project State

TX

Project Zip

79411-2731

CD

TX-19

Jobs Reported

78

NAICS Code

423610

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

991098.00

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

72054

Originating Lender

Western Bank

Originating Lender City

LUBBOCK

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

996688.70

Forgiveness Date

08/13/2021

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