PPP Loan information for Power city electric inc

$2,000,000

Power city electric inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/23/2021 by The Washington Trust Bank reported 140 jobs and $2,000,000 was used to fund payroll.

Power city electric inc is Existing or more than 2 years old

PPP Loan Search / WA / Spokane / Power city electric inc

POWER CITY ELECTRIC INC

Date Approved

01/23/2021

SBA Office Code

1094

Processing Method

PPS

Borrower Name

POWER CITY ELECTRIC INC

Borrower Address

3327 E Olive Ave

Borrower City

Spokane

Borrower State

WA

Borrower Zip

99202-4617

Loan Status Date

11/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

74899

Servicing Lender Name

Washington Trust Bank

Servicing Lender Address

717 W Sprague Ave

Servicing Lender City

SPOKANE

Servicing Lender State

WA

Servicing Lender Zip

99201-3915

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Spokane

Project County Name

SPOKANE

Project State

WA

Project Zip

99202-4617

CD

WA-05

Jobs Reported

140

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999999.00

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

74899

Originating Lender

Washington Trust Bank

Originating Lender City

SPOKANE

Originating Lender State

WA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2013479.45

Forgiveness Date

10/06/2021

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