PPP Loan information for Rains electric company inc

$459,780

Rains electric company inc was initially approved for PPP Loan of amount $459,780, the current approved amount is $459,780. The loan was approved on 04/28/2020 by The Volunteer State Bank reported 34 jobs and $459,780 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

04/28/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

RAINS ELECTRIC COMPANY INC

Borrower Address

212 WILLIAMS AVE

Borrower City

MADISON

Borrower State

TN

Borrower Zip

37115

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

459780.27

Current Approval Amount

459780.27

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

37115-0001

CD

TN-05

Jobs Reported

34

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

45978.03

Payroll Proceed

344835.20

Mortgage Interest Proceed

68967.04

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

462398.46

Forgiveness Date

11/20/2020

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