PPP Loan information for Us electric, co inc

$632,000

Us electric, co inc was initially approved for PPP Loan of amount $657,445, the current approved amount is $632,000. The loan was approved on 04/15/2020 by The Atlantic Union Bank reported 72 jobs and $632,000 was used to fund payroll.

Us electric, co inc is New Business or 2 years or less

PPP Loan Search / VA / Henrico / Us electric, co inc

US ELECTRIC, CO INC

Date Approved

04/15/2020

SBA Office Code

0304

Processing Method

PPP

Borrower Name

US ELECTRIC, CO INC

Borrower Address

6914 Staples Mill Rd

Borrower City

Henrico

Borrower State

VA

Borrower Zip

23228

Loan Status Date

04/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

657445.00

Current Approval Amount

632000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122517

Servicing Lender Name

Atlantic Union Bank

Servicing Lender Address

1051 E Cary St, Ste 103

Servicing Lender City

RICHMOND

Servicing Lender State

VA

Servicing Lender Zip

23219-4029

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

New Business or 2 years or less

Project City

Henrico

Project County Name

HENRICO

Project State

VA

Project Zip

23228-0001

CD

VA-04

Jobs Reported

72

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

632000.00

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

122517

Originating Lender

Atlantic Union Bank

Originating Lender City

RICHMOND

Originating Lender State

VA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

637424.67

Forgiveness Date

03/10/2021

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