PPP Loan information for Traco electric inc

$171,200

Traco electric inc was initially approved for PPP Loan of amount $171,200, the current approved amount is $171,200. The loan was approved on 04/15/2020 by The Customers Bank reported 9 jobs and $171,200 was used to fund payroll.

Traco electric inc is Existing or more than 2 years old

PPP Loan Search / MD / Jarrettsville / Traco electric inc

TRACO ELECTRIC INC

Date Approved

04/15/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

TRACO ELECTRIC INC

Borrower Address

3821 Salem Church Road

Borrower City

Jarrettsville

Borrower State

MD

Borrower Zip

21084

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

171200.00

Current Approval Amount

171200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Jarrettsville

Project County Name

HARFORD

Project State

MD

Project Zip

21084-0001

CD

MD-01

Jobs Reported

9

NAICS Code

236118

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

171200.00

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

Sole Proprietorship

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

172616.50

Forgiveness Date

03/05/2021

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