PPP Loan information for Advanced electric inc.

$90,500

Advanced electric inc. was initially approved for PPP Loan of amount $90,500, the current approved amount is $90,500. The loan was approved on 02/26/2021 by The Summit Community Bank, Inc. reported 7 jobs and $90,500 was used to fund payroll.

Advanced electric inc. is Existing or more than 2 years old

PPP Loan Search / WV / Elkview / Advanced electric inc.

ADVANCED ELECTRIC INC.

Date Approved

02/26/2021

SBA Office Code

0390

Processing Method

PPS

Borrower Name

ADVANCED ELECTRIC INC.

Borrower Address

8241 Frame Rd

Borrower City

Elkview

Borrower State

WV

Borrower Zip

25071-7526

Loan Status Date

02/05/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

90500.00

Current Approval Amount

90500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119785

Servicing Lender Name

Summit Community Bank, Inc.

Servicing Lender Address

310 N Main St

Servicing Lender City

MOOREFIELD

Servicing Lender State

WV

Servicing Lender Zip

26836-1055

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Elkview

Project County Name

KANAWHA

Project State

WV

Project Zip

25071-7526

CD

WV-01

Jobs Reported

7

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

90499.00

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

119785

Originating Lender

Summit Community Bank, Inc.

Originating Lender City

MOOREFIELD

Originating Lender State

WV

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

91311.99

Forgiveness Date

01/19/2022

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