PPP Loan information for Lubbock electric co, inc

$991,100

Lubbock electric co, inc was initially approved for PPP Loan of amount $991,100, the current approved amount is $991,100. The loan was approved on 04/04/2020 by The City Bank reported 83 jobs and $991,100 was used to fund payroll.

Lubbock electric co, inc is New Business or 2 years or less

PPP Loan Search / TX / LUBBOCK / Lubbock electric co, inc

LUBBOCK ELECTRIC CO, INC

Date Approved

04/04/2020

SBA Office Code

0678

Processing Method

PPP

Borrower Name

LUBBOCK ELECTRIC CO, INC

Borrower Address

1108 34TH ST

Borrower City

LUBBOCK

Borrower State

TX

Borrower Zip

79411-2731

Loan Status Date

01/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

991100.00

Current Approval Amount

991100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71330

Servicing Lender Name

City Bank

Servicing Lender Address

5219 City Bank Pkwy

Servicing Lender City

LUBBOCK

Servicing Lender State

TX

Servicing Lender Zip

79407-3544

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

LUBBOCK

Project County Name

LUBBOCK

Project State

TX

Project Zip

79411-2731

CD

TX-19

Jobs Reported

83

NAICS Code

423610

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

99110.00

Payroll Proceed

792880.00

Mortgage Interest Proceed

0.00

Rent Proceed

99110.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

71330

Originating Lender

City Bank

Originating Lender City

LUBBOCK

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

987858.69

Forgiveness Date

12/15/2020

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