PPP Loan information for Bitting electric inc

$638,500

Bitting electric inc was initially approved for PPP Loan of amount $638,500, the current approved amount is $638,500. The loan was approved on 04/07/2020 by The TowneBank reported 45 jobs and $638,500 was used to fund payroll.

Bitting electric inc is Existing or more than 2 years old

PPP Loan Search / NC / CARY / Bitting electric inc

BITTING ELECTRIC INC

Date Approved

04/07/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

BITTING ELECTRIC INC

Borrower Address

508 Old Apex Rd

Borrower City

CARY

Borrower State

NC

Borrower Zip

27511

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

638500.00

Current Approval Amount

638500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CARY

Project County Name

WAKE

Project State

NC

Project Zip

27511-0022

CD

NC-02

Jobs Reported

45

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

638500.00

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

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

642419.68

Forgiveness Date

11/23/2020

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