BAUGUESS ELECTRICAL SERVICES INC. (DE) - 2020 PPP Loan Borrower Profile (# 1571357210)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to BAUGUESS ELECTRICAL SERVICES 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

1571357210

SBA Office Code

0341

Processing Method

PPP

Curent Loan Amount

$274,900

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$278,650.69

Date Loan was Forgiven

Sep 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

8,807

Payroll Proced

223,351

Mortgage Interest Proceed

Rent Proceed

3,750

Refinance EIDL Proceed

Health Care Proceed

38,992

Debt Interest Proceed

Lender

Manufacturers and Traders Trust Company

Business Detail

Business Type

Subchapter S Corporation

NAICS

236220

Borrower Location

Newark, DE

Project Location

Newark, DE

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.