PPP Loan information for Varco electric llc

$557,300

Varco electric llc was initially approved for PPP Loan of amount $557,300, the current approved amount is $557,300. The loan was approved on 01/30/2021 by The Western Commerce Bank reported 29 jobs and $557,300 was used to fund payroll.

Varco electric llc is Existing or more than 2 years old

PPP Loan Search / NM / Carlsbad / Varco electric llc

VARCO ELECTRIC LLC

Date Approved

01/30/2021

SBA Office Code

0682

Processing Method

PPS

Borrower Name

VARCO ELECTRIC LLC

Borrower Address

5319 Sierra Vista Dr

Borrower City

Carlsbad

Borrower State

NM

Borrower Zip

88220-9427

Loan Status Date

03/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

557300.00

Current Approval Amount

557300.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

45737

Servicing Lender Name

Western Commerce Bank

Servicing Lender Address

127 S Canyon St

Servicing Lender City

CARLSBAD

Servicing Lender State

NM

Servicing Lender Zip

88220-5732

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Carlsbad

Project County Name

EDDY

Project State

NM

Project Zip

88220-9427

CD

NM-02

Jobs Reported

29

NAICS Code

221118

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

557294.00

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

45737

Originating Lender

Western Commerce Bank

Originating Lender City

CARLSBAD

Originating Lender State

NM

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

564430.39

Forgiveness Date

05/17/2022

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