PPP Loan information for Metro electric, inc.

$1,193,800

Metro electric, inc. was initially approved for PPP Loan of amount $1,193,800, the current approved amount is $1,193,800. The loan was approved on 04/10/2020 by The Frost Bank reported 161 jobs and $1,193,800 was used to fund payroll.

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

PPP Loan Search / TX / MCALLEN / Metro electric, inc.

METRO ELECTRIC, INC.

Date Approved

04/10/2020

SBA Office Code

0639

Processing Method

PPP

Borrower Name

METRO ELECTRIC, INC.

Borrower Address

1901 INDUSTRIAL DR

Borrower City

MCALLEN

Borrower State

TX

Borrower Zip

78504-4015

Loan Status Date

06/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1193800.00

Current Approval Amount

1193800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71783

Servicing Lender Name

Frost Bank

Servicing Lender Address

111 W Houston St

Servicing Lender City

SAN ANTONIO

Servicing Lender State

TX

Servicing Lender Zip

78205-1414

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MCALLEN

Project County Name

HIDALGO

Project State

TX

Project Zip

78504-4015

CD

TX-15

Jobs Reported

161

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1193800.00

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

71783

Originating Lender

Frost Bank

Originating Lender City

SAN ANTONIO

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1206457.55

Forgiveness Date

05/13/2021

;