PPP Loan information for Scott's electric service

$21,500

Scott's electric service was initially approved for PPP Loan of amount $21,500, the current approved amount is $21,500. The loan was approved on 04/15/2020 by The Customers Bank reported 3 jobs and $21,500 was used to fund payroll.

Scott's electric service is Existing or more than 2 years old

PPP Loan Search / MD / Ocean City / Scott's electric service

SCOTT'S ELECTRIC SERVICE

Date Approved

04/15/2020

SBA Office Code

0373

Processing Method

PPP

Borrower Name

SCOTT'S ELECTRIC SERVICE

Borrower Address

12429 West Torquay Road

Borrower City

Ocean City

Borrower State

MD

Borrower Zip

21842

Loan Status Date

05/13/2022

Loan Status

Charged Off

Term

5

SBA Guaranty Percentage

100

Initial Approval Amount

21500.00

Current Approval Amount

21500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Ocean City

Project County Name

WORCESTER

Project State

MD

Project Zip

21842-1100

CD

MD-01

Jobs Reported

3

NAICS Code

453998

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

21500.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

20800.17

Forgiveness Date

01/28/2022

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