FIRST STATE ELECTRIC COMPANY, INC. (DE) - 2020 PPP Loan Borrower Profile (# 1972067109)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to FIRST STATE ELECTRIC COMPANY, 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

1972067109

SBA Office Code

0341

Processing Method

PPP

Curent Loan Amount

$140,737.62

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$142,414.9

Date Loan was Forgiven

Jul 6, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

140,737.62

Lender

Wilmington Savings Fund Society, FSB

Business Detail

Business Type

Corporation

NAICS

221118

Borrower Location

NEW CASTLE, DE

Project Location

NEW CASTLE, DE

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.