B W ELECTRIC INC. AND BW SERVICES LLC (DE) - 2020 PPP Loan Borrower Profile (# 2613937102)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to B W ELECTRIC INC. AND BW SERVICES LLC. 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

2613937102

SBA Office Code

0341

Processing Method

PPP

Curent Loan Amount

$557,500

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$562,517.5

Date Loan was Forgiven

Mar 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

69,687

Payroll Proced

418,125

Rent Proceed

69,688

Lender

Fulton Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

HARRINGTON, DE

Project Location

HARRINGTON, DE

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.