PPP Loan information for Shearer electric inc.

$97,945

Shearer electric inc. was initially approved for PPP Loan of amount $97,945, the current approved amount is $97,945. The loan was approved on 04/28/2020 by The Lakeside Bank reported 11 jobs and $97,945 was used to fund payroll.

Shearer electric inc. is Existing or more than 2 years old

PPP Loan Search / TX / Mesquite / Shearer electric inc.

SHEARER ELECTRIC INC.

Date Approved

04/28/2020

SBA Office Code

0610

Processing Method

PPP

Borrower Name

SHEARER ELECTRIC INC.

Borrower Address

612 W. Main Street

Borrower City

Mesquite

Borrower State

TX

Borrower Zip

75149

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

97945.00

Current Approval Amount

97945.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71683

Servicing Lender Name

Lakeside Bank

Servicing Lender Address

2805 Ridge Rd

Servicing Lender City

ROCKWALL

Servicing Lender State

TX

Servicing Lender Zip

75032-5525

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mesquite

Project County Name

DALLAS

Project State

TX

Project Zip

75149-0001

CD

TX-32

Jobs Reported

11

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

97945.00

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

71683

Originating Lender

Lakeside Bank

Originating Lender City

ROCKWALL

Originating Lender State

TX

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

99025.12

Forgiveness Date

06/10/2021

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