PPP Loan information for Shoals electric company, inc.

$1,398,600

Shoals electric company, inc. was initially approved for PPP Loan of amount $1,398,600, the current approved amount is $1,398,600. The loan was approved on 04/09/2020 by The First Metro Bank reported 202 jobs and $1,398,600 was used to fund payroll.

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

PPP Loan Search / AL / MUSCLE SHOALS / Shoals electric company, inc.

SHOALS ELECTRIC COMPANY, INC.

Date Approved

04/09/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

SHOALS ELECTRIC COMPANY, INC.

Borrower Address

704 DAVISON AVE

Borrower City

MUSCLE SHOALS

Borrower State

AL

Borrower Zip

35661-2318

Loan Status Date

01/26/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1398600.00

Current Approval Amount

1398600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112619

Servicing Lender Name

First Metro Bank

Servicing Lender Address

406 W Avalon Ave

Servicing Lender City

MUSCLE SHOALS

Servicing Lender State

AL

Servicing Lender Zip

35661-2808

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MUSCLE SHOALS

Project County Name

COLBERT

Project State

AL

Project Zip

35661-2318

CD

AL-04

Jobs Reported

202

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

139860.00

Payroll Proceed

1048950.00

Mortgage Interest Proceed

209790.00

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

112619

Originating Lender

First Metro Bank

Originating Lender City

MUSCLE SHOALS

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1408312.50

Forgiveness Date

12/22/2020

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