PPP Loan information for Samco electric corp

$417,740

Samco electric corp was initially approved for PPP Loan of amount $270,740, the current approved amount is $417,740. The loan was approved on 04/11/2020 by The Bank of America, National Association reported 11 jobs and $417,740 was used to fund payroll.

Samco electric corp is Existing or more than 2 years old

SAMCO ELECTRIC CORP

Date Approved

04/11/2020

SBA Office Code

0202

Processing Method

PPP

Borrower Name

SAMCO ELECTRIC CORP

Borrower Address

3735 9TH ST

Borrower City

LONG ISLAND CITY

Borrower State

NY

Borrower Zip

11101-6002

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

270740.00

Current Approval Amount

417740.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LONG ISLAND CITY

Project County Name

QUEENS

Project State

NY

Project Zip

11101-6002

CD

NY-07

Jobs Reported

11

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

417740.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

422752.88

Forgiveness Date

07/12/2021

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