PPP Loan information for Watson electric company, inc.

$700,000

Watson electric company, inc. was initially approved for PPP Loan of amount $700,000, the current approved amount is $700,000. The loan was approved on 05/01/2020 by The Fifth Third Bank reported 63 jobs and $700,000 was used to fund payroll.

Watson electric company, inc. is Existing or more than 2 years old

PPP Loan Search / NC / HUNTERSVILLE / Watson electric company, inc.

WATSON ELECTRIC COMPANY, INC.

Date Approved

05/01/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

WATSON ELECTRIC COMPANY, INC.

Borrower Address

321 SEAGLE STREET

Borrower City

HUNTERSVILLE

Borrower State

NC

Borrower Zip

28078

Loan Status Date

12/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

700000.00

Current Approval Amount

700000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HUNTERSVILLE

Project County Name

MECKLENBURG

Project State

NC

Project Zip

28078-0001

CD

NC-12

Jobs Reported

63

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

700000.00

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

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

710441.67

Forgiveness Date

11/04/2021

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