PPP Loan information for Desoto county electric, inc.

$462,910

Desoto county electric, inc. was initially approved for PPP Loan of amount $462,910, the current approved amount is $462,910. The loan was approved on 04/13/2020 by The Loan Source Incorporated reported 35 jobs and $462,910 was used to fund payroll.

Desoto county electric, inc. is Existing or more than 2 years old

PPP Loan Search / MS / HORN LAKE / Desoto county electric, inc.

DESOTO COUNTY ELECTRIC, INC.

Date Approved

04/13/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

DESOTO COUNTY ELECTRIC, INC.

Borrower Address

2298 NAIL RD

Borrower City

HORN LAKE

Borrower State

MS

Borrower Zip

38637-3200

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

462910.00

Current Approval Amount

462910.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HORN LAKE

Project County Name

DESOTO

Project State

MS

Project Zip

38637-3200

CD

MS-01

Jobs Reported

35

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

462910.00

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

39848

Originating Lender

Cadence Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

469251.23

Forgiveness Date

09/07/2021

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