PPP Loan information for The summit electric group inc

$390,000

The summit electric group inc was initially approved for PPP Loan of amount $390,000, the current approved amount is $390,000. The loan was approved on 02/06/2021 by The Peoples Bank reported 40 jobs and $390,000 was used to fund payroll.

The summit electric group inc is Existing or more than 2 years old

PPP Loan Search / WV / Ripley / The summit electric group inc

THE SUMMIT ELECTRIC GROUP INC

Date Approved

02/06/2021

SBA Office Code

0390

Processing Method

PPS

Borrower Name

THE SUMMIT ELECTRIC GROUP INC

Borrower Address

436 Church St S

Borrower City

Ripley

Borrower State

WV

Borrower Zip

25271-1614

Loan Status Date

02/11/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

390000.00

Current Approval Amount

390000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57732

Servicing Lender Name

Peoples Bank

Servicing Lender Address

138 Putnam St

Servicing Lender City

MARIETTA

Servicing Lender State

OH

Servicing Lender Zip

45750-2923

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Ripley

Project County Name

JACKSON

Project State

WV

Project Zip

25271-1614

CD

WV-01

Jobs Reported

40

NAICS Code

238210

Race

White

Ethnicity

Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

389995.00

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

57732

Originating Lender

Peoples Bank

Originating Lender City

MARIETTA

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

393520.83

Forgiveness Date

01/06/2022

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