PPP Loan information for Tower energy group

$588,600

Tower energy group was initially approved for PPP Loan of amount $588,600, the current approved amount is $588,600. The loan was approved on 04/07/2020 by The City National Bank reported 39 jobs and $588,600 was used to fund payroll.

Tower energy group is Existing or more than 2 years old

PPP Loan Search / CA / TORRANCE / Tower energy group

TOWER ENERGY GROUP

Date Approved

04/07/2020

SBA Office Code

0914

Processing Method

PPP

Borrower Name

TOWER ENERGY GROUP

Borrower Address

1983 W. 190th Street

Borrower City

TORRANCE

Borrower State

CA

Borrower Zip

90504-6202

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

588600.00

Current Approval Amount

588600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4924

Servicing Lender Name

City National Bank

Servicing Lender Address

555 S Flower St

Servicing Lender City

LOS ANGELES

Servicing Lender State

CA

Servicing Lender Zip

90071-2300

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

TORRANCE

Project County Name

LOS ANGELES

Project State

CA

Project Zip

90504-6202

CD

CA-43

Jobs Reported

39

NAICS Code

424720

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

555900.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

32700.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

4924

Originating Lender

City National Bank

Originating Lender City

LOS ANGELES

Originating Lender State

CA

Gender

Female Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

592857.27

Forgiveness Date

01/06/2021

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