Total Electric Inc.

$1,540,132 PPP Loan in Upper Marlboro, Maryland

Loan Details

Loan Number
6410697100
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$1,540,132
Current Approval
$1,540,132
Forgiveness Amount
$1,556,884
Forgiveness Date
May 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Total Electric Inc.
Address
16000 Trade Zone Ave Suite 303
ZIP Code
20774
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
72
Estimated Revenue
$23.7M
Rural/Urban
Urban
Congressional District
MD-05

Loan Use Breakdown

Payroll
$1,155,099
Utilities
$385,033

Lender Information

Servicing Lender
Sandy Spring Bank
Originating Lender
Sandy Spring Bank

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