PPP Loan information for Shugart electric inc.

$467,800

Shugart electric inc. was initially approved for PPP Loan of amount $467,800, the current approved amount is $467,800. The loan was approved on 04/30/2020 by The First-Citizens Bank & Trust Company reported 39 jobs and $467,800 was used to fund payroll.

Shugart electric inc. is New Business or 2 years or less

PPP Loan Search / NC / Lexington / Shugart electric inc.

SHUGART ELECTRIC INC.

Date Approved

04/30/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

SHUGART ELECTRIC INC.

Borrower Address

195 Hummingbird Pass

Borrower City

Lexington

Borrower State

NC

Borrower Zip

27295

Loan Status Date

08/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

467800.00

Current Approval Amount

467800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

51009

Servicing Lender Name

First-Citizens Bank & Trust Company

Servicing Lender Address

100 E. Tryon Rd DAC - 90

Servicing Lender City

Raleigh

Servicing Lender State

NC

Servicing Lender Zip

27603-3581

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

Lexington

Project County Name

DAVIDSON

Project State

NC

Project Zip

27295-0001

CD

NC-08

Jobs Reported

39

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

467800.00

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

Subchapter S Corporation

Originating Lender Location Id

51009

Originating Lender

First-Citizens Bank & Trust Company

Originating Lender City

Raleigh

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

473208.54

Forgiveness Date

07/02/2021

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