Shugart Electric Inc.

$467,800 PPP Loan in Lexington, North Carolina

Loan Details

Loan Number
5002667305
Date Approved
Apr 30, 2020
Loan Status
Paid in Full
Initial Approval
$467,800
Current Approval
$467,800
Forgiveness Amount
$473,209
Forgiveness Date
Jul 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Shugart Electric Inc.
Address
195 Hummingbird Pass
ZIP Code
27295
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
New Business or 2 years or less
Jobs Reported
39
Estimated Revenue
$12.8M
Rural/Urban
Rural
Congressional District
NC-08

Loan Use Breakdown

Payroll
$467,800

Lender Information

Servicing Lender
First-Citizens Bank & Trust Company
Originating Lender
First-Citizens Bank & Trust Company

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