PPP Loan information for Young's electric, inc.

$22,500

Young's electric, inc. was initially approved for PPP Loan of amount $22,500, the current approved amount is $22,500. The loan was approved on 05/29/2020 by The New Peoples Bank, Inc. reported 3 jobs and $22,500 was used to fund payroll.

Young's electric, inc. is Existing or more than 2 years old

PPP Loan Search / WV / PRINCETON / Young's electric, inc.

YOUNG'S ELECTRIC, INC.

Date Approved

05/29/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

YOUNG'S ELECTRIC, INC.

Borrower Address

700 HALE AVE

Borrower City

PRINCETON

Borrower State

WV

Borrower Zip

24740-2547

Loan Status Date

08/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

22500.00

Current Approval Amount

22500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123348

Servicing Lender Name

New Peoples Bank, Inc.

Servicing Lender Address

53 Commerce Dr

Servicing Lender City

HONAKER

Servicing Lender State

VA

Servicing Lender Zip

24260

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PRINCETON

Project County Name

MERCER

Project State

WV

Project Zip

24740-2547

CD

WV-01

Jobs Reported

3

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

22500.00

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

123348

Originating Lender

New Peoples Bank, Inc.

Originating Lender City

HONAKER

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

22756.25

Forgiveness Date

07/26/2021

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