PPP Loan information for Advanced electric inc

$127,670

Advanced electric inc was initially approved for PPP Loan of amount $127,670, the current approved amount is $127,670. The loan was approved on 04/27/2020 by The Security Federal Bank reported 10 jobs and $127,670 was used to fund payroll.

Advanced electric inc is Existing or more than 2 years old

PPP Loan Search / GA / EVANS / Advanced electric inc

ADVANCED ELECTRIC INC

Date Approved

04/27/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

ADVANCED ELECTRIC INC

Borrower Address

740 BISHOPS CIR

Borrower City

EVANS

Borrower State

GA

Borrower Zip

30809-6756

Loan Status Date

03/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

127670.00

Current Approval Amount

127670.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

88630

Servicing Lender Name

Security Federal Bank

Servicing Lender Address

238 Richland Ave NW

Servicing Lender City

AIKEN

Servicing Lender State

SC

Servicing Lender Zip

29801-3866

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

EVANS

Project County Name

COLUMBIA

Project State

GA

Project Zip

30809-6756

CD

GA-12

Jobs Reported

10

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

127670.00

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

Subchapter S Corporation

Originating Lender Location Id

88630

Originating Lender

Security Federal Bank

Originating Lender City

AIKEN

Originating Lender State

SC

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

128709.09

Forgiveness Date

02/19/2021

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