PPP Loan information for Madison electric, inc

$798,654

Madison electric, inc was initially approved for PPP Loan of amount $853,197, the current approved amount is $798,654. The loan was approved on 04/06/2020 by The United Community Bank reported 73 jobs and $798,654 was used to fund payroll.

Madison electric, inc is Existing or more than 2 years old

PPP Loan Search / AL / MADISON / Madison electric, inc

MADISON ELECTRIC, INC

Date Approved

04/06/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MADISON ELECTRIC, INC

Borrower Address

188 WESTCHESTER DR

Borrower City

MADISON

Borrower State

AL

Borrower Zip

35758-7838

Loan Status Date

09/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

853196.60

Current Approval Amount

798654.16

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19133

Servicing Lender Name

United Community Bank

Servicing Lender Address

177 Hwy 515 E

Servicing Lender City

BLAIRSVILLE

Servicing Lender State

GA

Servicing Lender Zip

30512-8579

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MADISON

Project County Name

MADISON

Project State

AL

Project Zip

35758-7838

CD

AL-05

Jobs Reported

73

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

798654.16

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

19133

Originating Lender

United Community Bank

Originating Lender City

BLAIRSVILLE

Originating Lender State

GA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

809258.51

Forgiveness Date

08/05/2021

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