PPP Loan information for Preferred electric, inc.

$1,401,627

Preferred electric, inc. was initially approved for PPP Loan of amount $1,401,627, the current approved amount is $1,401,627. The loan was approved on 04/08/2020 by The Wilmington Savings Fund Society, FSB reported 55 jobs and $1,401,627 was used to fund payroll.

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

PPP Loan Search / DE / NEW CASTLE / Preferred electric, inc.

PREFERRED ELECTRIC, INC.

Date Approved

04/08/2020

SBA Office Code

0341

Processing Method

PPP

Borrower Name

PREFERRED ELECTRIC, INC.

Borrower Address

505 CHURCHMANS RD

Borrower City

NEW CASTLE

Borrower State

DE

Borrower Zip

19720-3154

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1401627.00

Current Approval Amount

1401627.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

16710

Servicing Lender Name

Wilmington Savings Fund Society, FSB

Servicing Lender Address

500 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1490

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NEW CASTLE

Project County Name

NEW CASTLE

Project State

DE

Project Zip

19720-3154

CD

DE-

Jobs Reported

55

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1401627.00

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

16710

Originating Lender

Wilmington Savings Fund Society, FSB

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1417524.91

Forgiveness Date

06/11/2021

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