PPP Loan information for New age electric inc

$272,200

New age electric inc was initially approved for PPP Loan of amount $272,200, the current approved amount is $272,200. The loan was approved on 04/07/2020 by The Truist Bank reported 20 jobs and $272,200 was used to fund payroll.

New age electric inc is Existing or more than 2 years old

PPP Loan Search / MD / SILVER SPRING / New age electric inc

NEW AGE ELECTRIC INC

Date Approved

04/07/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

NEW AGE ELECTRIC INC

Borrower Address

8850 Brookville Rd

Borrower City

SILVER SPRING

Borrower State

MD

Borrower Zip

20910-1803

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

272200.00

Current Approval Amount

272200.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SILVER SPRING

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20910-1803

CD

MD-08

Jobs Reported

20

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

272200.00

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

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

274627.12

Forgiveness Date

03/05/2021

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