ABSOLUTE ELECTRIC LLC (VA) - 2020 PPP Loan Borrower Profile (# 6531657008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ABSOLUTE 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 Virginia.

Loan Detail

Loan Number

6531657008

SBA Office Code

0353

Processing Method

PPP

Curent Loan Amount

$146,870

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$147,734.9

Date Loan was Forgiven

Nov 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

2,000

Payroll Proced

117,496

Mortgage Interest Proceed

4,000

Health Care Proceed

23,374

Lender

Northwest FCU

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

STERLING, VA

Project Location

STERLING, VA

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.