PPP Loan information for Sterling electric inc.

$50,400

Sterling electric inc. was initially approved for PPP Loan of amount $50,400, the current approved amount is $50,400. The loan was approved on 04/15/2020 by The Gulf Coast Bank and Trust Company reported 5 jobs and $50,400 was used to fund payroll.

Sterling electric inc. is Existing or more than 2 years old

PPP Loan Search / LA / KENNER / Sterling electric inc.

STERLING ELECTRIC INC.

Date Approved

04/15/2020

SBA Office Code

0679

Processing Method

PPP

Borrower Name

STERLING ELECTRIC INC.

Borrower Address

620 BROUILLY DR

Borrower City

KENNER

Borrower State

LA

Borrower Zip

70065-1102

Loan Status Date

11/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

50400.00

Current Approval Amount

50400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116770

Servicing Lender Name

Gulf Coast Bank and Trust Company

Servicing Lender Address

200 St. Charles Ave

Servicing Lender City

NEW ORLEANS

Servicing Lender State

LA

Servicing Lender Zip

70130-2903

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

KENNER

Project County Name

JEFFERSON

Project State

LA

Project Zip

70065-1102

CD

LA-01

Jobs Reported

5

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

12600.00

Payroll Proceed

37800.00

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

116770

Originating Lender

Gulf Coast Bank and Trust Company

Originating Lender City

NEW ORLEANS

Originating Lender State

LA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

51178.40

Forgiveness Date

11/01/2021

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