ART'S ELECTRIC INC (KY) - 2020 PPP Loan Borrower Profile (# 1770947202)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ART'S ELECTRIC 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 Kentucky.

Loan Detail

Loan Number

1770947202

SBA Office Code

0457

Processing Method

PPP

Curent Loan Amount

$2,595,885

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$2,626,324.42

Date Loan was Forgiven

Jun 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

2,595,885

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

FRANKFORT, KY

Project Location

FRANKFORT, KY

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

197

Business Age Description

New Business or 2 years or less

Data Source: SBA.