Central Valley Electric, Inc.

$2,409,400 PPP Loan in Modesto, California

Loan Details

Loan Number
7857127105
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$2,409,400
Current Approval
$2,409,400
Forgiveness Amount
$1,829,973
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Central Valley Electric, Inc.
Address
24 Frazine Rd
ZIP Code
95357
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
93
Estimated Revenue
$30.6M
Rural/Urban
Urban
Congressional District
CA-05

Loan Use Breakdown

Payroll
$2,356,000
Rent
$38,400
Utilities
$15,000

Lender Information

Servicing Lender
Bank of Stockton
Originating Lender
Bank of Stockton

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