Lubbock Electric Co, INC

$991,100 PPP Loan in Lubbock, Texas

Loan Details

Loan Number
4903067000
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$991,100
Current Approval
$991,100
Forgiveness Amount
$997,944
Forgiveness Date
Feb 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Lubbock Electric Co, INC
Address
1108 34th St
State
Texas
ZIP Code
79411-2731
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423610)
Business Age
New Business or 2 years or less
Jobs Reported
83
Estimated Revenue
$25.4M
Rural/Urban
Urban
Congressional District
TX-19

Loan Use Breakdown

Payroll
$792,880
Rent
$99,110
Utilities
$99,110

Lender Information

Servicing Lender
City Bank
Originating Lender
City Bank

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