PPP Loan information for Dollar electric inc

$348,597

Dollar electric inc was initially approved for PPP Loan of amount $348,597, the current approved amount is $348,597. The loan was approved on 04/06/2021 by The First Horizon Bank reported 28 jobs and $348,597 was used to fund payroll.

Dollar electric inc is Existing or more than 2 years old

DOLLAR ELECTRIC INC

Date Approved

04/06/2021

SBA Office Code

0679

Processing Method

PPS

Borrower Name

DOLLAR ELECTRIC INC

Borrower Address

1712 Melvin Ln

Borrower City

Lake Charles

Borrower State

LA

Borrower Zip

70605-4252

Loan Status Date

08/05/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

348597.00

Current Approval Amount

348597.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lake Charles

Project County Name

CALCASIEU

Project State

LA

Project Zip

70605-4252

CD

LA-03

Jobs Reported

28

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

348592.00

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

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

353051.29

Forgiveness Date

07/20/2022

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