5 STAR ELECTRIC INC (UT) - 2020 PPP Loan Borrower Profile (# 2263997206)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 5 STAR ELECTRIC 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 Utah.

Loan Detail

Loan Number

2263997206

SBA Office Code

0883

Processing Method

PPP

Curent Loan Amount

$33,000

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$33,345.37

Date Loan was Forgiven

May 5, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

360

Payroll Proced

24,750

Rent Proceed

7,890

Lender

Cyprus Federal Credit Union

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

BLUFFDALE, UT

Project Location

BLUFFDALE, UT

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.