PPP Loan information for Iem electric inc

$279,010

Iem electric inc was initially approved for PPP Loan of amount $279,010, the current approved amount is $279,010. The loan was approved on 03/25/2021 by The Truist Bank reported 12 jobs and $279,010 was used to fund payroll.

Iem electric inc is Existing or more than 2 years old

PPP Loan Search / NC / Hickory / Iem electric inc

IEM ELECTRIC INC

Date Approved

03/25/2021

SBA Office Code

0460

Processing Method

PPS

Borrower Name

IEM ELECTRIC INC

Borrower Address

9033 Costner Rd

Borrower City

Hickory

Borrower State

NC

Borrower Zip

28602-8663

Loan Status Date

05/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

279010.00

Current Approval Amount

279010.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Hickory

Project County Name

BURKE

Project State

NC

Project Zip

28602-8663

CD

NC-10

Jobs Reported

12

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

279010.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

281730.35

Forgiveness Date

03/31/2022

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