DESIGN ELECTRIC INC

Summary of PPP (Paycheck Protection Program) Loan approved to DESIGN ELECTRIC INC by Virginia National Bank. The loan was approved on 4/07/2020 in the range of $2-5 million.

Business Information

Name:

DESIGN ELECTRIC INC

1307 CARLTON AVENUE
CHARLOTTESVILLE, VA 22902
Business type: Employee Stock Ownership Plan(ESOP)
Specialty Trade Contractors
→ Electrical Contractors and Other Wiring Installation Contractors
Non-profit: No
Loan amount: $2-5 million
(50 Jobs retained)
Date approved: April 07, 2020
Lender Virginia National Bank

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.