PPP Loan information for Young electric inc

$54,800

Young electric inc was initially approved for PPP Loan of amount $54,800, the current approved amount is $54,800. The loan was approved on 02/24/2021 by The MidFirst Bank reported 7 jobs and $54,800 was used to fund payroll.

Young electric inc is Existing or more than 2 years old

PPP Loan Search / OK / Altus / Young electric inc

YOUNG ELECTRIC INC

Date Approved

02/24/2021

SBA Office Code

0680

Processing Method

PPS

Borrower Name

YOUNG ELECTRIC INC

Borrower Address

400 S Grady St

Borrower City

Altus

Borrower State

OK

Borrower Zip

73521-6236

Loan Status Date

11/20/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

54800.00

Current Approval Amount

54800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

90226

Servicing Lender Name

MidFirst Bank

Servicing Lender Address

501 NW Grand Blvd

Servicing Lender City

OKLAHOMA CITY

Servicing Lender State

OK

Servicing Lender Zip

73118-6037

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Altus

Project County Name

JACKSON

Project State

OK

Project Zip

73521-6236

CD

OK-03

Jobs Reported

7

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

54800.00

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

90226

Originating Lender

MidFirst Bank

Originating Lender City

OKLAHOMA CITY

Originating Lender State

OK

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

55179.03

Forgiveness Date

11/05/2021

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