PPP Loan information for The urban electric company

$2,900,700

The urban electric company was initially approved for PPP Loan of amount $2,900,700, the current approved amount is $2,900,700. The loan was approved on 04/13/2020 by The Truist Bank reported 250 jobs and $2,900,700 was used to fund payroll.

The urban electric company is Existing or more than 2 years old

PPP Loan Search / SC / NORTH CHARLESTON / The urban electric company

THE URBAN ELECTRIC COMPANY

Date Approved

04/13/2020

SBA Office Code

0464

Processing Method

PPP

Borrower Name

THE URBAN ELECTRIC COMPANY

Borrower Address

2130 N Hobson Ave Suite B

Borrower City

NORTH CHARLESTON

Borrower State

SC

Borrower Zip

29405-2019

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2900700.00

Current Approval Amount

2900699.83

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

NORTH CHARLESTON

Project County Name

CHARLESTON

Project State

SC

Project Zip

29405-2019

CD

SC-06

Jobs Reported

250

NAICS Code

442299

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2900699.83

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2934057.88

Forgiveness Date

06/09/2021

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