PPP Loan information for Brown electric company

$176,751

Brown electric company was initially approved for PPP Loan of amount $176,751, the current approved amount is $176,751. The loan was approved on 04/16/2020 by The PNC Bank, National Association reported 13 jobs and $176,751 was used to fund payroll.

Brown electric company is Existing or more than 2 years old

BROWN ELECTRIC COMPANY

Date Approved

04/16/2020

SBA Office Code

0678

Processing Method

PPP

Borrower Name

BROWN ELECTRIC COMPANY

Borrower Address

2525 N Jackson

Borrower City

ODESSA

Borrower State

TX

Borrower Zip

79761

Loan Status Date

11/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

176751.43

Current Approval Amount

176751.43

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ODESSA

Project County Name

ECTOR

Project State

TX

Project Zip

79761-1100

CD

TX-11

Jobs Reported

13

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

22093.93

Payroll Proceed

132563.57

Mortgage Interest Proceed

0.00

Rent Proceed

22093.93

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

102000

Originating Lender

First Source FCU

Originating Lender City

NEW HARTFORD

Originating Lender State

NY

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

179373.24

Forgiveness Date

10/12/2021

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