PPP Loan information for North american electric, inc.

$802,631

North american electric, inc. was initially approved for PPP Loan of amount $802,631, the current approved amount is $802,631. The loan was approved on 04/10/2020 by The First Horizon Bank reported 68 jobs and $802,631 was used to fund payroll.

North american electric, inc. is Existing or more than 2 years old

PPP Loan Search / MS / HERNANDO / North american electric, inc.

NORTH AMERICAN ELECTRIC, INC.

Date Approved

04/10/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

NORTH AMERICAN ELECTRIC, INC.

Borrower Address

350 VAIDEN DRIVE

Borrower City

HERNANDO

Borrower State

MS

Borrower Zip

38632-2328

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

802630.85

Current Approval Amount

802630.85

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HERNANDO

Project County Name

DESOTO

Project State

MS

Project Zip

38632-2328

CD

MS-01

Jobs Reported

68

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

691720.13

Mortgage Interest Proceed

60000.00

Rent Proceed

50910.72

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

810947.00

Forgiveness Date

05/04/2021

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