PPP Loan information for On time electric inc

$305,796

On time electric inc was initially approved for PPP Loan of amount $305,796, the current approved amount is $305,796. The loan was approved on 05/08/2020 by The Wells Fargo Bank, National Association reported 11 jobs and $305,796 was used to fund payroll.

On time electric inc is Existing or more than 2 years old

PPP Loan Search / GA / DOUGLASVILLE / On time electric inc

ON TIME ELECTRIC INC

Date Approved

05/08/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

ON TIME ELECTRIC INC

Borrower Address

4630 CENTRAL CHURCH ROAD

Borrower City

DOUGLASVILLE

Borrower State

GA

Borrower Zip

30135

Loan Status Date

06/08/2022

Loan Status

Charged Off

Term

2

SBA Guaranty Percentage

100

Initial Approval Amount

305796.00

Current Approval Amount

305796.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

12096

Servicing Lender Name

Wells Fargo Bank, National Association

Servicing Lender Address

101 N Philips Ave

Servicing Lender City

SIOUX FALLS

Servicing Lender State

SD

Servicing Lender Zip

57104-6738

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DOUGLASVILLE

Project County Name

DOUGLAS

Project State

GA

Project Zip

30135-1000

CD

GA-13

Jobs Reported

11

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

305796.00

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

12096

Originating Lender

Wells Fargo Bank, National Association

Originating Lender City

SIOUX FALLS

Originating Lender State

SD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

67201.35

Forgiveness Date

02/02/2022

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