PPP Loan information for System electric co

$1,815,581

System electric co was initially approved for PPP Loan of amount $1,815,581, the current approved amount is $1,815,581. The loan was approved on 03/27/2021 by The Prosperity Bank reported 152 jobs and $1,815,581 was used to fund payroll.

System electric co is Existing or more than 2 years old

PPP Loan Search / TX / Plano / System electric co

SYSTEM ELECTRIC CO

Date Approved

03/27/2021

SBA Office Code

0610

Processing Method

PPS

Borrower Name

SYSTEM ELECTRIC CO

Borrower Address

3301 E Plano Pkwy Ste 150

Borrower City

Plano

Borrower State

TX

Borrower Zip

75074-7259

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1815581.49

Current Approval Amount

1815581.49

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

69819

Servicing Lender Name

Prosperity Bank

Servicing Lender Address

1301 N Mechanic

Servicing Lender City

El Campo

Servicing Lender State

TX

Servicing Lender Zip

77437

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Plano

Project County Name

COLLIN

Project State

TX

Project Zip

75074-7259

CD

TX-32

Jobs Reported

152

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1815577.49

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

69819

Originating Lender

Prosperity Bank

Originating Lender City

El Campo

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1826226.27

Forgiveness Date

11/02/2021

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