PPP Loan information for Alco electric inc

$145,173

Alco electric inc was initially approved for PPP Loan of amount $145,173, the current approved amount is $145,173. The loan was approved on 04/07/2020 by The Southern Bank and Trust Company reported 21 jobs and $145,173 was used to fund payroll.

Alco electric inc is Existing or more than 2 years old

PPP Loan Search / NC / NASHVILLE / Alco electric inc

ALCO ELECTRIC INC

Date Approved

04/07/2020

SBA Office Code

0460

Processing Method

PPP

Borrower Name

ALCO ELECTRIC INC

Borrower Address

1117 Cooke Rd

Borrower City

NASHVILLE

Borrower State

NC

Borrower Zip

27856-8858

Loan Status Date

03/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

145172.95

Current Approval Amount

145172.95

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

50882

Servicing Lender Name

Southern Bank and Trust Company

Servicing Lender Address

100 N Center St

Servicing Lender City

MOUNT OLIVE

Servicing Lender State

NC

Servicing Lender Zip

28365-1701

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NASHVILLE

Project County Name

NASH

Project State

NC

Project Zip

27856-8858

CD

NC-01

Jobs Reported

21

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

145172.95

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

50882

Originating Lender

Southern Bank and Trust Company

Originating Lender City

MOUNT OLIVE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

146354.50

Forgiveness Date

02/03/2021

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