As part of the Paycheck Protection Program LAKE ELECTRIC CO INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

LAKE ELECTRIC CO INC


Loan Amount	$1,111,690
BusinessName	LAKE ELECTRIC CO INC
Address	4362 PROVIDENCE MILL RD
City	MAIDEN
State	NC
Zip	28650
NAICSCode	238210
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	103
DateApproved	04/06/2020
Lender	Peoples Bank
CD	NC-10
BusinessName.clean	LAKE ELECTRIC CO

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

LAKE ERIE BIOFUELS
LAKE ERIE COLLEGE
LAKE FLATO ARCHITECTS
LAKE FOODS
LAKE FORD