PPP Loan information for Morpower electric llc

$171,410

Morpower electric llc was initially approved for PPP Loan of amount $171,410, the current approved amount is $171,410. The loan was approved on 01/25/2021 by The Colony Bank reported 18 jobs and $171,410 was used to fund payroll.

Morpower electric llc is Existing or more than 2 years old

MORPOWER ELECTRIC LLC

Date Approved

01/25/2021

SBA Office Code

0405

Processing Method

PPS

Borrower Name

MORPOWER ELECTRIC LLC

Borrower Address

105 Morgan Dr

Borrower City

Lagrange

Borrower State

GA

Borrower Zip

30240-6333

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

171410.00

Current Approval Amount

171410.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19444

Servicing Lender Name

Colony Bank

Servicing Lender Address

115 S Grant St

Servicing Lender City

FITZGERALD

Servicing Lender State

GA

Servicing Lender Zip

31750-2902

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Lagrange

Project County Name

TROUP

Project State

GA

Project Zip

30240-6333

CD

GA-03

Jobs Reported

18

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

171407.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

19444

Originating Lender

Colony Bank

Originating Lender City

FITZGERALD

Originating Lender State

GA

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

172438.46

Forgiveness Date

09/10/2021

;