PPP Loan information for System electric, inc.

$1,815,500

System electric, inc. was initially approved for PPP Loan of amount $1,815,500, the current approved amount is $1,815,500. The loan was approved on 04/15/2020 by The Prosperity Bank reported 120 jobs and $1,815,500 was used to fund payroll.

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

PPP Loan Search / TX / PLANO / System electric, inc.

SYSTEM ELECTRIC, INC.

Date Approved

04/15/2020

SBA Office Code

0610

Processing Method

PPP

Borrower Name

SYSTEM ELECTRIC, INC.

Borrower Address

5700 GRANITE PKWY #960

Borrower City

PLANO

Borrower State

TX

Borrower Zip

75024-6643

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1815500.00

Current Approval Amount

1815500.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

PLANO

Project County Name

COLLIN

Project State

TX

Project Zip

75024-6643

CD

TX-04

Jobs Reported

120

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1815500.00

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

69819

Originating Lender

Prosperity Bank

Originating Lender City

El Campo

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1833853.96

Forgiveness Date

04/27/2021

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