PPP Loan information for Lywood electric inc.

$1,092,145

Lywood electric inc. was initially approved for PPP Loan of amount $1,092,145, the current approved amount is $1,092,145. The loan was approved on 04/05/2020 by The Summit Community Bank, Inc. reported 70 jobs and $1,092,145 was used to fund payroll.

Lywood electric inc. is Existing or more than 2 years old

PPP Loan Search / MD / FEDERALSBURG / Lywood electric inc.

LYWOOD ELECTRIC INC.

Date Approved

04/05/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

LYWOOD ELECTRIC INC.

Borrower Address

301 Bloomingdale Ave

Borrower City

FEDERALSBURG

Borrower State

MD

Borrower Zip

21632-1014

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1092145.00

Current Approval Amount

1092145.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119785

Servicing Lender Name

Summit Community Bank, Inc.

Servicing Lender Address

310 N Main St

Servicing Lender City

MOOREFIELD

Servicing Lender State

WV

Servicing Lender Zip

26836-1055

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FEDERALSBURG

Project County Name

CAROLINE

Project State

MD

Project Zip

21632-1014

CD

MD-01

Jobs Reported

70

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1092145.00

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

119785

Originating Lender

Summit Community Bank, Inc.

Originating Lender City

MOOREFIELD

Originating Lender State

WV

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1098394.50

Forgiveness Date

11/03/2020

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