PPP Loan information for True power electric company inc.

$33,225

True power electric company inc. was initially approved for PPP Loan of amount $33,225, the current approved amount is $33,225. The loan was approved on 05/01/2020 by The Cross River Bank reported 6 jobs and $33,225 was used to fund payroll.

True power electric company inc. is Existing or more than 2 years old

PPP Loan Search / NC / WAKE FOREST / True power electric company inc.

TRUE POWER ELECTRIC COMPANY INC.

Date Approved

05/01/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

TRUE POWER ELECTRIC COMPANY INC.

Borrower Address

3921 SONG SPARROW DR

Borrower City

WAKE FOREST

Borrower State

NC

Borrower Zip

27587-1634

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

33225.00

Current Approval Amount

33225.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

456756

Servicing Lender Name

Cross River Bank

Servicing Lender Address

885 Teaneck Rd

Servicing Lender City

TEANECK

Servicing Lender State

NJ

Servicing Lender Zip

07666-4546

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WAKE FOREST

Project County Name

WAKE

Project State

NC

Project Zip

27587-1634

CD

NC-02

Jobs Reported

6

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

33225.00

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

456756

Originating Lender

Cross River Bank

Originating Lender City

TEANECK

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

33594.57

Forgiveness Date

06/24/2021

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