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Foster Electric Company INC

$355,500 PPP Loan in Lynchburg, Virginia

Loan Details

Loan Number
9363097010
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$355,500
Current Approval
$355,500
Forgiveness Amount
$358,611
Forgiveness Date
Mar 2, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Foster Electric Company INC
Address
1420 Campbell Ave
City
Lynchburg
State
Virginia
ZIP Code
24501-2820
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423690)
Business Age
Existing or more than 2 years old
Jobs Reported
25
Estimated Revenue
$7.7M
Rural/Urban
Urban
Congressional District
VA-05

Loan Use Breakdown

Payroll
$355,500

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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