PPP Loan information for Pal's electric shop, incorporated

$52,800

Pal's electric shop, incorporated was initially approved for PPP Loan of amount $52,800, the current approved amount is $52,800. The loan was approved on 05/06/2020 by The Legacy Bank reported 4 jobs and $52,800 was used to fund payroll.

Pal's electric shop, incorporated is Existing or more than 2 years old

PPP Loan Search / VA / GRUNDY / Pal's electric shop, incorporated

PAL'S ELECTRIC SHOP, INCORPORATED

Date Approved

05/06/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

PAL'S ELECTRIC SHOP, INCORPORATED

Borrower Address

1087 NAVIGATOR RD

Borrower City

GRUNDY

Borrower State

VA

Borrower Zip

24614-5674

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

52800.00

Current Approval Amount

52800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73431

Servicing Lender Name

Legacy Bank

Servicing Lender Address

20957 Riverside Dr

Servicing Lender City

GRUNDY

Servicing Lender State

VA

Servicing Lender Zip

24614

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRUNDY

Project County Name

BUCHANAN

Project State

VA

Project Zip

24614-5674

CD

VA-09

Jobs Reported

4

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10504.00

Payroll Proceed

42296.00

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

73431

Originating Lender

Legacy Bank

Originating Lender City

GRUNDY

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

53158.75

Forgiveness Date

01/12/2021

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