PPP Loan information for Powerworks electric, llc

$1,996,500

Powerworks electric, llc was initially approved for PPP Loan of amount $1,996,500, the current approved amount is $1,996,500. The loan was approved on 04/10/2020 by The Truist Bank reported 164 jobs and $1,996,500 was used to fund payroll.

Powerworks electric, llc is Existing or more than 2 years old

PPP Loan Search / NC / MOORESVILLE / Powerworks electric, llc

POWERWORKS ELECTRIC, LLC

Date Approved

04/10/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

POWERWORKS ELECTRIC, LLC

Borrower Address

160 GASOLINE ALY

Borrower City

MOORESVILLE

Borrower State

NC

Borrower Zip

28117-6502

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1996500.00

Current Approval Amount

1996500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MOORESVILLE

Project County Name

IREDELL

Project State

NC

Project Zip

28117-6502

CD

NC-10

Jobs Reported

164

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1996500.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2019570.67

Forgiveness Date

06/11/2021

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