OC ELECTRIC, LLC (DE) - 2020 PPP Loan Borrower Profile (# 6582987100)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to OC ELECTRIC, 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

6582987100

SBA Office Code

0341

Processing Method

PPP

Curent Loan Amount

$56,373

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$56,694.5

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

56,373

Lender

Bank of Ocean City

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

SELBYVILLE, DE

Project Location

SELBYVILLE, DE

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.