PPP Loan information for Gorman & gorman electric co

$150,000

Gorman & gorman electric co was initially approved for PPP Loan of amount $340,500, the current approved amount is $150,000. The loan was approved on 04/10/2020 by The Cadence Bank reported 14 jobs and $150,000 was used to fund payroll.

Gorman & gorman electric co is Existing or more than 2 years old

PPP Loan Search / GA / MACON / Gorman & gorman electric co

GORMAN & GORMAN ELECTRIC CO

Date Approved

04/10/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

GORMAN & GORMAN ELECTRIC CO

Borrower Address

2255 RONALD AVE

Borrower City

MACON

Borrower State

GA

Borrower Zip

31217-5814

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

340500.00

Current Approval Amount

150000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39848

Servicing Lender Name

Cadence Bank

Servicing Lender Address

201 S Spring St

Servicing Lender City

TUPELO

Servicing Lender State

MS

Servicing Lender Zip

38804-4811

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MACON

Project County Name

BIBB

Project State

GA

Project Zip

31217-5814

CD

GA-02

Jobs Reported

14

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

150000.00

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

151366.67

Forgiveness Date

04/13/2021

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