PPP Loan information for Lake electric co inc

$1,111,690

Lake electric co inc was initially approved for PPP Loan of amount $1,111,690, the current approved amount is $1,111,690. The loan was approved on 04/06/2020 by The Peoples Bank reported 103 jobs and $1,111,690 was used to fund payroll.

Lake electric co inc is Existing or more than 2 years old

PPP Loan Search / NC / MAIDEN / Lake electric co inc

LAKE ELECTRIC CO INC

Date Approved

04/06/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

LAKE ELECTRIC CO INC

Borrower Address

4362 PROVIDENCE MILL RD

Borrower City

MAIDEN

Borrower State

NC

Borrower Zip

28650-8594

Loan Status Date

01/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1111690.00

Current Approval Amount

1111690.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50396

Servicing Lender Name

Peoples Bank

Servicing Lender Address

518 W 'C' St

Servicing Lender City

NEWTON

Servicing Lender State

NC

Servicing Lender Zip

28658

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MAIDEN

Project County Name

CATAWBA

Project State

NC

Project Zip

28650-8594

CD

NC-10

Jobs Reported

103

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1111690.00

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

Subchapter S Corporation

Originating Lender Location Id

50396

Originating Lender

Peoples Bank

Originating Lender City

NEWTON

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1119749.75

Forgiveness Date

12/31/2020

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