ABE UTILITIES INC (NC) - 2020 PPP Loan Borrower Profile (# 1649228900)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABE UTILITIES 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 North Carolina.

Loan Detail

Loan Number

1649228900

SBA Office Code

0460

Processing Method

PPS

Curent Loan Amount

$262,771

Date Loan was Approved

Apr 26, 2021

Amount Forgiven

$263,997.26

Date Loan was Forgiven

Oct 20, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

262,769

Lender

Truist Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

237110

Borrower Location

Raleigh, NC

Project Location

Raleigh, NC

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.