PPP Loan information for Rains electric company inc.

$430,246

Rains electric company inc. was initially approved for PPP Loan of amount $430,246, the current approved amount is $430,246. The loan was approved on 01/28/2021 by The Volunteer State Bank reported 35 jobs and $430,246 was used to fund payroll.

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

PPP Loan Search / TN / Madison / Rains electric company inc.

RAINS ELECTRIC COMPANY INC.

Date Approved

01/28/2021

SBA Office Code

0474

Processing Method

PPS

Borrower Name

RAINS ELECTRIC COMPANY INC.

Borrower Address

212 Williams Ave

Borrower City

Madison

Borrower State

TN

Borrower Zip

37115-2625

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

430245.82

Current Approval Amount

430245.82

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68778

Servicing Lender Name

Volunteer State Bank

Servicing Lender Address

101 Hwy 52 W

Servicing Lender City

PORTLAND

Servicing Lender State

TN

Servicing Lender Zip

37148-1407

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Madison

Project County Name

DAVIDSON

Project State

TN

Project Zip

37115-2625

CD

TN-05

Jobs Reported

35

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

430243.82

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

68778

Originating Lender

Volunteer State Bank

Originating Lender City

PORTLAND

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

432731.68

Forgiveness Date

09/01/2021

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