ABCO SOUTH ELECTRICAL CONSTRUCTION & DESIGN, LLC (NC) - 2020 PPP Loan Borrower Profile (# 3107897105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABCO SOUTH ELECTRICAL CONSTRUCTION & DESIGN, 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 North Carolina.

Loan Detail

Loan Number

3107897105

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$937,900

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$866,324.44

Date Loan was Forgiven

Dec 22, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

4,816

Payroll Proced

928,084

Rent Proceed

5,000

Lender

Providence Bank and Trust

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

HIGH POINT, NC

Project Location

HIGH POINT, NC

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.