PPP Loan information for Art's electric inc

$2,595,885

Art's electric inc was initially approved for PPP Loan of amount $2,595,885, the current approved amount is $2,595,885. The loan was approved on 04/15/2020 by The Bank of America, National Association reported 197 jobs and $2,595,885 was used to fund payroll.

Art's electric inc is New Business or 2 years or less

PPP Loan Search / KY / FRANKFORT / Art's electric inc

ART'S ELECTRIC INC

Date Approved

04/15/2020

SBA Office Code

0457

Processing Method

PPP

Borrower Name

ART'S ELECTRIC INC

Borrower Address

210 COMMERCE BLVD

Borrower City

FRANKFORT

Borrower State

KY

Borrower Zip

40601-2209

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2595885.00

Current Approval Amount

2595885.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

FRANKFORT

Project County Name

FRANKLIN

Project State

KY

Project Zip

40601-2209

CD

KY-01

Jobs Reported

197

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2595885.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2626324.42

Forgiveness Date

06/25/2021

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