ACUTEL ELECTRICAL SOLUTIONS INC. (NC) - 2020 PPP Loan Borrower Profile (# 5867987709)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACUTEL ELECTRICAL SOLUTIONS 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

5867987709

SBA Office Code

0460

Processing Method

PPP

Curent Loan Amount

$43,370

Date Loan was Approved

May 1, 2020

Amount Forgiven

$43,737.16

Date Loan was Forgiven

Mar 10, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

43,370

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

FAIRVIEW, NC

Project Location

FAIRVIEW, NC

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.