Induction Electric, LLC
$335,475 PPP Loan in Crofton, Maryland
Loan Details
- Loan Number
- 2589217108
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $335,475
- Current Approval
- $335,475
- Forgiveness Amount
- $340,227
- Forgiveness Date
- Sep 16, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Induction Electric, LLC
- Address
- 2145 Priest Bridge Dr 2145 Priest Bridge Dr Ste 17
- City
- Crofton
- State
- Maryland
- ZIP Code
- 21114-2427
- Business Type
- Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- New Business or 2 years or less
- Jobs Reported
- 29
- Estimated Revenue
- $9.5M
- Rural/Urban
- Urban
- Congressional District
- MD-05
Loan Use Breakdown
- Payroll
- $335,475
Lender Information
- Servicing Lender
- Bank of America, National Association
- Originating Lender
- Bank of America, National Association
Other PPP Loans in Crofton, MD
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|---|---|---|
| Pcasi Holdings LLC | $4,615,600 |  AI Deep Dive |
| Delmarva Site Development, Inc. | $2,109,198 | AI Deep Dive |
| Crofton Convalescent Center | $2,037,787 | AI Deep Dive |
| Caruso Homes, Inc. | $1,499,500 | AI Deep Dive |
| Specified Electrical Systems, LLC | $1,281,100 | AI Deep Dive |
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