PPP Loan information for First quality electrical services, inc

$78,890

First quality electrical services, inc was initially approved for PPP Loan of amount $48,476, the current approved amount is $78,890. The loan was approved on 04/29/2020 by The Bank of America, National Association reported 7 jobs and $78,890 was used to fund payroll.

First quality electrical services, inc is Existing or more than 2 years old

PPP Loan Search / NC / CONCORD / First quality electrical services, inc

FIRST QUALITY ELECTRICAL SERVICES, INC

Date Approved

04/29/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

FIRST QUALITY ELECTRICAL SERVICES, INC

Borrower Address

575 WILSHIRE AVE SW

Borrower City

CONCORD

Borrower State

NC

Borrower Zip

28025-6414

Loan Status Date

04/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

48476.00

Current Approval Amount

78890.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CONCORD

Project County Name

CABARRUS

Project State

NC

Project Zip

28025-6414

CD

NC-12

Jobs Reported

7

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

78890.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

79540.57

Forgiveness Date

02/25/2021

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