PPP Loan information for Desert electric supply

$512,400

Desert electric supply was initially approved for PPP Loan of amount $512,400, the current approved amount is $512,400. The loan was approved on 04/13/2020 by The Customers Bank reported 40 jobs and $512,400 was used to fund payroll.

Desert electric supply is Existing or more than 2 years old

PPP Loan Search / CA / Palm Desert / Desert electric supply

DESERT ELECTRIC SUPPLY

Date Approved

04/13/2020

SBA Office Code

0920

Processing Method

PPP

Borrower Name

DESERT ELECTRIC SUPPLY

Borrower Address

TLR Enterprises, Inc.

Borrower City

Palm Desert

Borrower State

CA

Borrower Zip

92260

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

512400.00

Current Approval Amount

512400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Palm Desert

Project County Name

RIVERSIDE

Project State

CA

Project Zip

92260-0001

CD

CA-41

Jobs Reported

40

NAICS Code

236118

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

512400.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

514983.06

Forgiveness Date

11/05/2020

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