ADDCO ELECTRIC, INCORPORATED (OK) - 2020 PPP Loan Borrower Profile (# 6793297007)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADDCO ELECTRIC, INCORPORATED. 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 Oklahoma.

Loan Detail

Loan Number

6793297007

SBA Office Code

0680

Processing Method

PPP

Curent Loan Amount

$218,200

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$219,587.08

Date Loan was Forgiven

Feb 16, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,556

Payroll Proced

163,650

Rent Proceed

11,136

Health Care Proceed

40,858

Lender

Mabrey Bank

Business Detail

Business Type

Corporation

NAICS

238220

Borrower Location

TULSA, OK

Project Location

TULSA, OK

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.