PPP Loan information for Mcfadden electric, inc.

$83,700

Mcfadden electric, inc. was initially approved for PPP Loan of amount $83,700, the current approved amount is $83,700. The loan was approved on 04/14/2020 by The Select Bank reported 8 jobs and $83,700 was used to fund payroll.

Mcfadden electric, inc. is Existing or more than 2 years old

PPP Loan Search / VA / FOREST / Mcfadden electric, inc.

MCFADDEN ELECTRIC, INC.

Date Approved

04/14/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

MCFADDEN ELECTRIC, INC.

Borrower Address

101 IVY LAKE DR

Borrower City

FOREST

Borrower State

VA

Borrower Zip

24551-4855

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

83700.00

Current Approval Amount

83700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

447640

Servicing Lender Name

Select Bank

Servicing Lender Address

211 Gristmill Dr

Servicing Lender City

FOREST

Servicing Lender State

VA

Servicing Lender Zip

24551-2605

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FOREST

Project County Name

BEDFORD

Project State

VA

Project Zip

24551-4855

CD

VA-05

Jobs Reported

8

NAICS Code

335999

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

83700.00

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

Subchapter S Corporation

Originating Lender Location Id

447640

Originating Lender

Select Bank

Originating Lender City

FOREST

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

84383.36

Forgiveness Date

02/17/2021

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