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Mid-Atlantic Electical Services

$450,000 PPP Loan in Millsboro, Delaware

Loan Details

Loan Number
6877457102
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$450,000
Current Approval
$450,000
Forgiveness Amount
$453,025
Forgiveness Date
Dec 23, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Mid-Atlantic Electical Services
Address
24556 Betts Pond Rd
City
Millsboro
State
Delaware
ZIP Code
19966
Business Type
Corporation
Industry (NAICS)
Manufacturing (335311)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$7.9M
Rural/Urban
Rural
Congressional District
DE-

Loan Use Breakdown

Payroll
$337,500
Rent
$56,250
Utilities
$56,250

Lender Information

Servicing Lender
Fulton Bank, National Association
Originating Lender
Fulton Bank, National Association

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