PPP Loan information for M-3 electric company

$411,633

M-3 electric company was initially approved for PPP Loan of amount $411,633, the current approved amount is $411,633. The loan was approved on 04/07/2020 by The Southern Bank and Trust Company reported 22 jobs and $411,633 was used to fund payroll.

M-3 electric company is Existing or more than 2 years old

PPP Loan Search / VA / CHESAPEAKE / M-3 electric company

M-3 ELECTRIC COMPANY

Date Approved

04/07/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

M-3 ELECTRIC COMPANY

Borrower Address

4501 BAINBRIDGE BLVD

Borrower City

CHESAPEAKE

Borrower State

VA

Borrower Zip

23320-6303

Loan Status Date

03/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

411632.50

Current Approval Amount

411632.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50882

Servicing Lender Name

Southern Bank and Trust Company

Servicing Lender Address

100 N Center St

Servicing Lender City

MOUNT OLIVE

Servicing Lender State

NC

Servicing Lender Zip

28365-1701

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHESAPEAKE

Project County Name

CHESAPEAKE CITY

Project State

VA

Project Zip

23320-6303

CD

VA-03

Jobs Reported

22

NAICS Code

335122

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

411632.50

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

Subchapter S Corporation

Originating Lender Location Id

50882

Originating Lender

Southern Bank and Trust Company

Originating Lender City

MOUNT OLIVE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

414982.73

Forgiveness Date

02/03/2021

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