Lake Electric Co INC

$1,111,690 PPP Loan in Maiden, North Carolina

Loan Details

Loan Number
5767857000
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$1,111,690
Current Approval
$1,111,690
Forgiveness Amount
$1,119,750
Forgiveness Date
Dec 31, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Lake Electric Co INC
Address
4362 Providence Mill Rd
City
Maiden
ZIP Code
28650-8594
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
103
Estimated Revenue
$33.9M
Rural/Urban
Rural
Congressional District
NC-10

Loan Use Breakdown

Payroll
$1,111,690

Lender Information

Servicing Lender
Peoples Bank
Originating Lender
Peoples Bank

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