ALLEN ELECTRICAL INC. (NC) - 2020 PPP Loan Borrower Profile (# 1545178305)

Updated on April 18, 2025.

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

1545178305

SBA Office Code

0460

Processing Method

PPS

Curent Loan Amount

$20,833

Date Loan was Approved

Jan 17, 2021

Amount Forgiven

$21,120.61

Date Loan was Forgiven

Jun 3, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

20,831

Lender

Uwharrie Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

Norwood, NC

Project Location

Norwood, NC

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.