PPP Loan information for Best way electric llc

$294,753

Best way electric llc was initially approved for PPP Loan of amount $294,753, the current approved amount is $294,753. The loan was approved on 05/01/2020 by The Fulton Bank, National Association reported 20 jobs and $294,753 was used to fund payroll.

Best way electric llc is Existing or more than 2 years old

PPP Loan Search / MD / ELKRIDGE / Best way electric llc

BEST WAY ELECTRIC LLC

Date Approved

05/01/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

BEST WAY ELECTRIC LLC

Borrower Address

6124 Hunt Club Rd

Borrower City

ELKRIDGE

Borrower State

MD

Borrower Zip

21075

Loan Status Date

04/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

294752.50

Current Approval Amount

294752.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

60701

Servicing Lender Name

Fulton Bank, National Association

Servicing Lender Address

One Penn Sq

Servicing Lender City

LANCASTER

Servicing Lender State

PA

Servicing Lender Zip

17602-2853

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ELKRIDGE

Project County Name

HOWARD

Project State

MD

Project Zip

21075-0001

CD

MD-03

Jobs Reported

20

NAICS Code

238390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

23688.12

Payroll Proceed

221064.38

Mortgage Interest Proceed

50000.00

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

60701

Originating Lender

Fulton Bank, National Association

Originating Lender City

LANCASTER

Originating Lender State

PA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

297413.46

Forgiveness Date

03/29/2021

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