PPP Loan information for Systems electric inc.

$350,000

Systems electric inc. was initially approved for PPP Loan of amount $350,000, the current approved amount is $350,000. The loan was approved on 04/15/2020 by The First National Bank Colorado reported 40 jobs and $350,000 was used to fund payroll.

Systems electric inc. is Existing or more than 2 years old

PPP Loan Search / CO / COLORADO SPRINGS / Systems electric inc.

SYSTEMS ELECTRIC INC.

Date Approved

04/15/2020

SBA Office Code

0811

Processing Method

PPP

Borrower Name

SYSTEMS ELECTRIC INC.

Borrower Address

84 TALAMINE CT

Borrower City

COLORADO SPRINGS

Borrower State

CO

Borrower Zip

80907-5159

Loan Status Date

12/10/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

350000.00

Current Approval Amount

350000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

15611

Servicing Lender Name

First National Bank Colorado

Servicing Lender Address

535 Bent Ave

Servicing Lender City

LAS ANIMAS

Servicing Lender State

CO

Servicing Lender Zip

81054-1725

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

COLORADO SPRINGS

Project County Name

EL PASO

Project State

CO

Project Zip

80907-5159

CD

CO-05

Jobs Reported

40

NAICS Code

238210

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

40220.00

Payroll Proceed

293000.00

Mortgage Interest Proceed

0.00

Rent Proceed

4780.00

Refinance EIDL Proceed

0.00

Health Care Proceed

12000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

15611

Originating Lender

First National Bank Colorado

Originating Lender City

LAS ANIMAS

Originating Lender State

CO

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

351917.81

Forgiveness Date

11/03/2020

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