PPP Loan information for Allied electric inc.

$302,553

Allied electric inc. was initially approved for PPP Loan of amount $302,553, the current approved amount is $302,553. The loan was approved on 01/23/2021 by The Merit Bank reported 26 jobs and $302,553 was used to fund payroll.

Allied electric inc. is Existing or more than 2 years old

PPP Loan Search / AL / Huntsville / Allied electric inc.

ALLIED ELECTRIC INC.

Date Approved

01/23/2021

SBA Office Code

0459

Processing Method

PPS

Borrower Name

ALLIED ELECTRIC INC.

Borrower Address

4830 Commercial Dr NW

Borrower City

Huntsville

Borrower State

AL

Borrower Zip

35816-2206

Loan Status Date

08/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

302553.37

Current Approval Amount

302553.37

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

Y

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

26

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

302551.37

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

303805.60

Forgiveness Date

07/02/2021

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