MID-ATLANTIC ELECTICAL SERVICES (DE) - 2020 PPP Loan Borrower Profile (# 6877457102)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to MID-ATLANTIC ELECTICAL SERVICES. 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
6877457102
SBA Office Code
0341
Processing Method
PPP
Curent Loan Amount
$450,000
Date Loan was Approved
Apr 14, 2020
Amount Forgiven
$453,025
Date Loan was Forgiven
Dec 23, 2020
Loan Status
Paid in Full
Loan Term
24 Months
Utilities Proced
56,250
Payroll Proced
337,500
Rent Proceed
56,250
Lender
Fulton Bank, National Association
Business Detail
Business Type
Corporation
NAICS
335311
Borrower Location
Millsboro, DE
Project Location
Millsboro, DE
Rural/Urban
Rural
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
30
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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