PPP Loan information for Tech electric corporation

$592,500

Tech electric corporation was initially approved for PPP Loan of amount $592,500, the current approved amount is $592,500. The loan was approved on 04/08/2020 by The TowneBank reported 44 jobs and $592,500 was used to fund payroll.

Tech electric corporation is Existing or more than 2 years old

PPP Loan Search / NC / MORRISVILLE / Tech electric corporation

TECH ELECTRIC CORPORATION

Date Approved

04/08/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

TECH ELECTRIC CORPORATION

Borrower Address

1002 Morrisville Parkway

Borrower City

MORRISVILLE

Borrower State

NC

Borrower Zip

27560-9365

Loan Status Date

02/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

592500.00

Current Approval Amount

592500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

123548

Servicing Lender Name

TowneBank

Servicing Lender Address

5716 High St West

Servicing Lender City

PORTSMOUTH

Servicing Lender State

VA

Servicing Lender Zip

23703-4502

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MORRISVILLE

Project County Name

WAKE

Project State

NC

Project Zip

27560-9365

CD

NC-02

Jobs Reported

44

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

592500.00

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

Subchapter S Corporation

Originating Lender Location Id

123548

Originating Lender

TowneBank

Originating Lender City

PORTSMOUTH

Originating Lender State

VA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

596203.12

Forgiveness Date

11/27/2020

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