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 05/01/2020 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

05/01/2020

SBA Office Code

0390

Processing Method

PPP

Borrower Name

ADVANCED ELECTRIC INC

Borrower Address

8241 FRAME RD

Borrower City

ELKVIEW

Borrower State

WV

Borrower Zip

25071-7526

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

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

2500.00

Payroll Proceed

72000.00

Mortgage Interest Proceed

16000.00

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

91201.38

Forgiveness Date

02/11/2021

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