Hugo Garcia Electric, Inc.

$190,900 PPP Loan in Laredo, Texas

Loan Details

Loan Number
7877147206
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$190,900
Current Approval
$190,900
Forgiveness Amount
$194,383
Forgiveness Date
Mar 3, 2022
Term
24 months
Draw
First Draw

Business Information

Business Name
Hugo Garcia Electric, Inc.
Address
8408 Casa Verde Rd
City
Laredo
State
Texas
ZIP Code
78041-1929
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
26
Estimated Revenue
$8.6M
Rural/Urban
Urban
Congressional District
TX-28

Loan Use Breakdown

Payroll
$152,795
Rent
$15,000
Utilities
$2,306
Health Care
$20,162
Debt Interest
$637

Lender Information

Servicing Lender
Texas Community Bank
Originating Lender
Texas Community Bank

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