PPP Loan information for Sonco electric co inc

$204,020

Sonco electric co inc was initially approved for PPP Loan of amount $204,020, the current approved amount is $204,020. The loan was approved on 02/23/2021 by The City Bank reported 18 jobs and $204,020 was used to fund payroll.

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

PPP Loan Search / TX / Odessa / Sonco electric co inc

SONCO ELECTRIC CO INC

Date Approved

02/23/2021

SBA Office Code

0678

Processing Method

PPS

Borrower Name

SONCO ELECTRIC CO INC

Borrower Address

1601 W Murphy St

Borrower City

Odessa

Borrower State

TX

Borrower Zip

79763-4541

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

204020.00

Current Approval Amount

204020.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

71330

Servicing Lender Name

City Bank

Servicing Lender Address

5219 City Bank Pkwy

Servicing Lender City

LUBBOCK

Servicing Lender State

TX

Servicing Lender Zip

79407-3544

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Odessa

Project County Name

ECTOR

Project State

TX

Project Zip

79763-4541

CD

TX-11

Jobs Reported

18

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

204020.00

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

71330

Originating Lender

City Bank

Originating Lender City

LUBBOCK

Originating Lender State

TX

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

204960.76

Forgiveness Date

08/10/2021

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