Date Approved
03/08/2021
SBA Office Code
0460
Processing Method
PPS
Borrower Name
ARC ELECTRIC LLC
Borrower Address
6801 Sunset Lake Rd
Borrower City
Fuquay Varina
Borrower State
NC
Borrower Zip
27526-8632
Loan Status Date
04/19/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
43931.23
Current Approval Amount
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
Servicing Lender Zip
28202-1078
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Y
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
WAKE
Project State
Project Zip
CD
NC-13
Jobs Reported
7
NAICS Code
238210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Limited Liability Company(LLC)
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
44377.86
Forgiveness Date
03/14/2022