PPP Loan information for Total electric inc.

$1,540,132

Total electric inc. was initially approved for PPP Loan of amount $1,540,132, the current approved amount is $1,540,132. The loan was approved on 04/14/2020 by The Sandy Spring Bank reported 72 jobs and $1,540,132 was used to fund payroll.

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

PPP Loan Search / MD / UPPER MARLBORO / Total electric inc.

TOTAL ELECTRIC INC.

Date Approved

04/14/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

TOTAL ELECTRIC INC.

Borrower Address

16000 Trade Zone Ave suite 303

Borrower City

UPPER MARLBORO

Borrower State

MD

Borrower Zip

20774

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1540132.00

Current Approval Amount

1540132.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

30872

Servicing Lender Name

Sandy Spring Bank

Servicing Lender Address

17801 Georgia Ave

Servicing Lender City

OLNEY

Servicing Lender State

MD

Servicing Lender Zip

20832-2233

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

UPPER MARLBORO

Project County Name

PRINCE GEORGES

Project State

MD

Project Zip

20774-8700

CD

MD-05

Jobs Reported

72

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

385033.00

Payroll Proceed

1155099.00

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

30872

Originating Lender

Sandy Spring Bank

Originating Lender City

OLNEY

Originating Lender State

MD

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1556883.57

Forgiveness Date

05/26/2021

;