PPP Loan information for Worch electric, inc.

$438,700

Worch electric, inc. was initially approved for PPP Loan of amount $438,700, the current approved amount is $438,700. The loan was approved on 04/28/2020 by The United Bank reported 20 jobs and $438,700 was used to fund payroll.

Worch electric, inc. is Existing or more than 2 years old

PPP Loan Search / MD / SILVER SPRING / Worch electric, inc.

WORCH ELECTRIC, INC.

Date Approved

04/28/2020

SBA Office Code

0353

Processing Method

PPP

Borrower Name

WORCH ELECTRIC, INC.

Borrower Address

2230 Distribution Circle

Borrower City

SILVER SPRING

Borrower State

MD

Borrower Zip

20910-1259

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

438700.00

Current Approval Amount

438700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

73259

Servicing Lender Name

United Bank

Servicing Lender Address

11185 Fairfax Blvd

Servicing Lender City

FAIRFAX

Servicing Lender State

VA

Servicing Lender Zip

22030-5049

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SILVER SPRING

Project County Name

MONTGOMERY

Project State

MD

Project Zip

20910-1259

CD

MD-08

Jobs Reported

20

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

438700.00

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

73259

Originating Lender

United Bank

Originating Lender City

FAIRFAX

Originating Lender State

VA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

443233.23

Forgiveness Date

05/13/2021

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