PPP Loan information for Arc electric llc

$127,500

Arc electric llc was initially approved for PPP Loan of amount $127,500, the current approved amount is $127,500. The loan was approved on 02/04/2021 by The American Momentum Bank reported 12 jobs and $127,500 was used to fund payroll.

Arc electric llc is Existing or more than 2 years old

PPP Loan Search / TX / Midland / Arc electric llc

ARC ELECTRIC LLC

Date Approved

02/04/2021

SBA Office Code

0678

Processing Method

PPS

Borrower Name

ARC ELECTRIC LLC

Borrower Address

3204 S County Road 1206

Borrower City

Midland

Borrower State

TX

Borrower Zip

79706-3759

Loan Status Date

03/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

127500.00

Current Approval Amount

127500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

444341

Servicing Lender Name

American Momentum Bank

Servicing Lender Address

1 Momentum Blvd

Servicing Lender City

COLLEGE STATION

Servicing Lender State

TX

Servicing Lender Zip

77845-6199

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Midland

Project County Name

MIDLAND

Project State

TX

Project Zip

79706-3759

CD

TX-11

Jobs Reported

12

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

127498.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

444341

Originating Lender

American Momentum Bank

Originating Lender City

COLLEGE STATION

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

128771.46

Forgiveness Date

02/03/2022

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