PPP Loan information for Allied electric

$284,235

Allied electric was initially approved for PPP Loan of amount $284,235, the current approved amount is $284,235. The loan was approved on 04/07/2020 by The Merit Bank reported 35 jobs and $284,235 was used to fund payroll.

Allied electric is Existing or more than 2 years old

PPP Loan Search / AL / HUNTSVILLE / Allied electric

ALLIED ELECTRIC

Date Approved

04/07/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

ALLIED ELECTRIC

Borrower Address

4830 COMMERCIAL DR

Borrower City

HUNTSVILLE

Borrower State

AL

Borrower Zip

35816-2206

Loan Status Date

12/19/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

284235.00

Current Approval Amount

284235.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3332

Servicing Lender Name

Merit Bank

Servicing Lender Address

659 Gallatin St SW

Servicing Lender City

HUNTSVILLE

Servicing Lender State

AL

Servicing Lender Zip

35801-4914

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

HUNTSVILLE

Project County Name

MADISON

Project State

AL

Project Zip

35816-2206

CD

AL-05

Jobs Reported

35

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

284235.00

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

3332

Originating Lender

Merit Bank

Originating Lender City

HUNTSVILLE

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

285814.08

Forgiveness Date

11/03/2020

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