As part of the Paycheck Protection Program PREFERRED 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.

PREFERRED ELECTRIC CO., INC


Loan Amount	$3,290,566
BusinessName	PREFERRED ELECTRIC CO., INC
Address	4113 YANCEY RD
City	CHARLOTTE
State	NC
Zip	28217
NAICSCode	238210
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	217
DateApproved	04/14/2020
Lender	Truist Bank d/b/a Branch Banking & Trust Co
CD	NC-12
BusinessName.clean	PREFERRED 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

PREFERRED ELECTRIC
PREFERRED ELECTRIC
PREFERRED ELECTRIC
PREFERRED ELECTRICAL CONSTRUCTION CORP OF ILLINOIS
PREFERRED ELECTRICAL CONTRACTORS