Induction Electric LLC
$335,475 PPP Loan in Crofton, Maryland
Loan Details
- Loan Number
- 5649428409
- Date Approved
- Feb 9, 2021
- Loan Status
- Paid in Full
- Initial Approval
- $335,475
- Current Approval
- $335,475
- Forgiveness Amount
- $339,988
- Forgiveness Date
- Jun 16, 2022
- Term
- 60 months
- Draw
- Second Draw
Business Information
- Business Name
- Induction Electric LLC
- Address
- 2145 Priest Bridge Dr Ste 17 2145 Priest Bridge Dr
- City
- Crofton
- State
- Maryland
- ZIP Code
- 21114-2477
- Business Type
- Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 29
- Estimated Revenue
- $9.5M
- Rural/Urban
- Urban
- Congressional District
- MD-05
Loan Use Breakdown
- Payroll
- $335,473
- Utilities
- $1
Lender Information
- Servicing Lender
- Bank of America, National Association
- Originating Lender
- Bank of America, National Association
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|---|---|---|
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| Delmarva Site Development, Inc. | $2,109,198 | AI Deep Dive |
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| Caruso Homes, Inc. | $1,499,500 | AI Deep Dive |
| Specified Electrical Systems, LLC | $1,281,100 | AI Deep Dive |
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