PPP Loan information for G nelson electric motors inc

$674,400

G nelson electric motors inc was initially approved for PPP Loan of amount $674,400, the current approved amount is $674,400. The loan was approved on 04/10/2020 by The River Bank & Trust reported 59 jobs and $674,400 was used to fund payroll.

G nelson electric motors inc is Existing or more than 2 years old

PPP Loan Search / AL / ALEXANDER CITY / G nelson electric motors inc

G NELSON ELECTRIC MOTORS INC

Date Approved

04/10/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

G NELSON ELECTRIC MOTORS INC

Borrower Address

1919 RADIO RD

Borrower City

ALEXANDER CITY

Borrower State

AL

Borrower Zip

35010-3512

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

674400.00

Current Approval Amount

674400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

440693

Servicing Lender Name

River Bank & Trust

Servicing Lender Address

2611 Legends Dr

Servicing Lender City

PRATTVILLE

Servicing Lender State

AL

Servicing Lender Zip

36066-7761

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ALEXANDER CITY

Project County Name

TALLAPOOSA

Project State

AL

Project Zip

35010-3512

CD

AL-03

Jobs Reported

59

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

19688.00

Payroll Proceed

573712.00

Mortgage Interest Proceed

0.00

Rent Proceed

23000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

58000.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

440693

Originating Lender

River Bank & Trust

Originating Lender City

PRATTVILLE

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

678165.40

Forgiveness Date

11/05/2020

;