PPP Loan information for Progressive electric company, inc.

$212,073

Progressive electric company, inc. was initially approved for PPP Loan of amount $212,073, the current approved amount is $212,073. The loan was approved on 04/14/2020 by The First Horizon Bank reported 21 jobs and $212,073 was used to fund payroll.

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

PPP Loan Search / NC / CONOVER / Progressive electric company, inc.

PROGRESSIVE ELECTRIC COMPANY, INC.

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

PROGRESSIVE ELECTRIC COMPANY, INC.

Borrower Address

109 1ST STREET PL

Borrower City

CONOVER

Borrower State

NC

Borrower Zip

28613

Loan Status Date

08/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

212072.50

Current Approval Amount

212072.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CONOVER

Project County Name

CATAWBA

Project State

NC

Project Zip

28613-0001

CD

NC-10

Jobs Reported

21

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

212072.50

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

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

214682.17

Forgiveness Date

07/15/2021

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