ACTION SOLAR & ELECTRIC LLC (NC) - 2020 PPP Loan Borrower Profile (# 3245408604)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACTION SOLAR & 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 North Carolina.

Loan Detail

Loan Number

3245408604

SBA Office Code

0460

Processing Method

PPS

Curent Loan Amount

$29,000

Date Loan was Approved

Mar 16, 2021

Amount Forgiven

$29,119.22

Date Loan was Forgiven

Aug 13, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

29,000

Lender

Truist Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

Chapel Hill, NC

Project Location

Chapel Hill, NC

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.