PPP Loan information for Mb electric inc

$174,474

Mb electric inc was initially approved for PPP Loan of amount $174,474, the current approved amount is $174,474. The loan was approved on 04/15/2020 by The Bank Independent reported 22 jobs and $174,474 was used to fund payroll.

Mb electric inc is Existing or more than 2 years old

PPP Loan Search / AL / DECATUR / Mb electric inc

MB ELECTRIC INC

Date Approved

04/15/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

MB ELECTRIC INC

Borrower Address

879 MCENTIRE LN

Borrower City

DECATUR

Borrower State

AL

Borrower Zip

35601-7404

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

174473.95

Current Approval Amount

174473.95

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3273

Servicing Lender Name

Bank Independent

Servicing Lender Address

710 S Montgomery Ave

Servicing Lender City

SHEFFIELD

Servicing Lender State

AL

Servicing Lender Zip

35660-3812

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

DECATUR

Project County Name

MORGAN

Project State

AL

Project Zip

35601-7404

CD

AL-05

Jobs Reported

22

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

174473.95

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

Subchapter S Corporation

Originating Lender Location Id

3273

Originating Lender

Bank Independent

Originating Lender City

SHEFFIELD

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

176262.31

Forgiveness Date

04/28/2021

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