PPP Loan information for New spectrum electric inc

$221,900

New spectrum electric inc was initially approved for PPP Loan of amount $221,900, the current approved amount is $221,900. The loan was approved on 04/28/2020 by The United Bank reported 21 jobs and $221,900 was used to fund payroll.

New spectrum electric inc is Existing or more than 2 years old

PPP Loan Search / MD / GAITHERSBURG / New spectrum electric inc

NEW SPECTRUM ELECTRIC INC

Date Approved

04/28/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

NEW SPECTRUM ELECTRIC INC

Borrower Address

9208 HEATHER FIELD CT

Borrower City

GAITHERSBURG

Borrower State

MD

Borrower Zip

20882-3721

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

221900.00

Current Approval Amount

221900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73259

Servicing Lender Name

United Bank

Servicing Lender Address

11185 Fairfax Blvd

Servicing Lender City

FAIRFAX

Servicing Lender State

VA

Servicing Lender Zip

22030-5049

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

GAITHERSBURG

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20882-3721

CD

MD-06

Jobs Reported

21

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

221900.00

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

73259

Originating Lender

United Bank

Originating Lender City

FAIRFAX

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

224612.11

Forgiveness Date

07/21/2021

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