PPP Loan information for Preferred electric co., inc.

$3,290,566

Preferred electric co., inc. was initially approved for PPP Loan of amount $289,800, the current approved amount is $3,290,566. The loan was approved on 04/14/2020 by The Truist Bank reported 217 jobs and $3,290,566 was used to fund payroll.

Preferred electric co., inc. is Existing or more than 2 years old

PPP Loan Search / NC / CHARLOTTE / Preferred electric co., inc.

PREFERRED ELECTRIC CO., INC.

Date Approved

04/14/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

PREFERRED ELECTRIC CO., INC.

Borrower Address

4113 YANCEY RD

Borrower City

CHARLOTTE

Borrower State

NC

Borrower Zip

28217-1737

Loan Status Date

10/01/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

289800.00

Current Approval Amount

3290566.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

CHARLOTTE

Project County Name

MECKLENBURG

Project State

NC

Project Zip

28217-1737

CD

NC-14

Jobs Reported

217

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3290566.00

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

3332977.74

Forgiveness Date

08/05/2021

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