PPP Loan information for Advance electric co, inc

$1,276,000

Advance electric co, inc was initially approved for PPP Loan of amount $1,276,000, the current approved amount is $1,276,000. The loan was approved on 04/04/2020 by The Planters Bank & Trust Company reported 114 jobs and $1,276,000 was used to fund payroll.

Advance electric co, inc is Existing or more than 2 years old

PPP Loan Search / MS / OLIVE BRANCH / Advance electric co, inc

ADVANCE ELECTRIC CO, INC

Date Approved

04/04/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

ADVANCE ELECTRIC CO, INC

Borrower Address

10500 Highway 178

Borrower City

OLIVE BRANCH

Borrower State

MS

Borrower Zip

38654-8186

Loan Status Date

01/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1276000.00

Current Approval Amount

1276000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39763

Servicing Lender Name

Planters Bank & Trust Company

Servicing Lender Address

212 Catchings Ave

Servicing Lender City

INDIANOLA

Servicing Lender State

MS

Servicing Lender Zip

38751-2408

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

OLIVE BRANCH

Project County Name

DESOTO

Project State

MS

Project Zip

38654-8186

CD

MS-01

Jobs Reported

114

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1276000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

39763

Originating Lender

Planters Bank & Trust Company

Originating Lender City

INDIANOLA

Originating Lender State

MS

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1283271.45

Forgiveness Date

11/05/2020

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