PPP Loan information for Palman electric inc

$2,080,000

Palman electric inc was initially approved for PPP Loan of amount $2,080,000, the current approved amount is $2,080,000. The loan was approved on 04/14/2020 by The PNC Bank, National Association reported 52 jobs and $2,080,000 was used to fund payroll.

Palman electric inc is Existing or more than 2 years old

PPP Loan Search / PA / HUNTINGDON VALLEY / Palman electric inc

PALMAN ELECTRIC INC

Date Approved

04/14/2020

SBA Office Code

0303

Processing Method

PPP

Borrower Name

PALMAN ELECTRIC INC

Borrower Address

450 PIKE RD

Borrower City

HUNTINGDON VALLEY

Borrower State

PA

Borrower Zip

19006-1610

Loan Status Date

07/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2080000.00

Current Approval Amount

2080000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HUNTINGDON VALLEY

Project County Name

BUCKS

Project State

PA

Project Zip

19006-1610

CD

PA-01

Jobs Reported

52

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2080000.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2097389.76

Forgiveness Date

06/11/2021

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