APPLE ELECTRIC INC. (DE) - 2020 PPP Loan Borrower Profile (# 8913637203)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to APPLE ELECTRIC INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Delaware.

Loan Detail

Loan Number

8913637203

SBA Office Code

0341

Processing Method

PPP

Curent Loan Amount

$292,730

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$296,154.54

Date Loan was Forgiven

Jul 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

292,730

Lender

Wilmington Savings Fund Society, FSB

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

REHOBOTH BEACH, DE

Project Location

REHOBOTH BEACH, DE

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.