ANCHOR ELECTRIC INC-SBA SMALL 7A TERM (DE) - 2020 PPP Loan Borrower Profile (# 4206317705)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ANCHOR ELECTRIC INC-SBA SMALL 7A TERM. 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 Delaware.

Loan Detail

Loan Number

4206317705

SBA Office Code

0341

Processing Method

PPP

Curent Loan Amount

$221,930

Date Loan was Approved

May 1, 2020

Amount Forgiven

$225,037.02

Date Loan was Forgiven

Sep 23, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

221,930

Lender

TD Bank, National Association

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

New Castle, DE

Project Location

New Castle, DE

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.