PPP Loan information for Lawson electric company, inc.

$4,000,000

Lawson electric company, inc. was initially approved for PPP Loan of amount $4,000,000, the current approved amount is $4,000,000. The loan was approved on 04/15/2020 by The First Horizon Bank reported 500 jobs and $4,000,000 was used to fund payroll.

Lawson electric company, inc. is Existing or more than 2 years old

PPP Loan Search / TN / CHATTANOOGA / Lawson electric company, inc.

LAWSON ELECTRIC COMPANY, INC.

Date Approved

04/15/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

LAWSON ELECTRIC COMPANY, INC.

Borrower Address

409 Spring Street

Borrower City

CHATTANOOGA

Borrower State

TN

Borrower Zip

37405-3848

Loan Status Date

09/29/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

4000000.00

Current Approval Amount

4000000.00

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHATTANOOGA

Project County Name

HAMILTON

Project State

TN

Project Zip

37405-3848

CD

TN-03

Jobs Reported

500

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

10000.00

Payroll Proceed

3908000.00

Mortgage Interest Proceed

0.00

Rent Proceed

82000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

4050555.56

Forgiveness Date

08/02/2021

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