As part of the Paycheck Protection Program PREFERRED ELECTRIC, 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, INC


Loan Amount	$1,401,627
BusinessName	PREFERRED ELECTRIC, INC
Address	505 CHURCHMANS RD
City	NEW CASTLE
State	DE
Zip	19720
NAICSCode	238210
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	55
DateApproved	04/08/2020
Lender	Wilmington Savings Fund Society, FSB
CD	DE-
BusinessName.clean	PREFERRED ELECTRIC

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 ELECTRICAL CONSTRUCTION CORP OF ILLINOIS
PREFERRED ELECTRICAL CONTRACTORS
PREFERRED FIRE PROTECTION