Date Approved
04/15/2020
SBA Office Code
0679
Processing Method
PPP
Borrower Name
SORREL ELECTRICAL SPECIALTIES
Borrower Address
204 LAKE TALON RD
Borrower City
BROUSSARD
Borrower State
LA
Borrower Zip
70518-8064
Loan Status Date
07/16/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
204879.12
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
123984
Servicing Lender Name
Community First Bank
Servicing Lender Address
1101 E Admiral Doyle Dr
Servicing Lender City
NEW IBERIA
Servicing Lender State
Servicing Lender Zip
70560-6300
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
LAFAYETTE
Project State
Project Zip
CD
LA-03
Jobs Reported
17
NAICS Code
238210
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
Payroll Proceed
161114.12
Mortgage Interest Proceed
Rent Proceed
20000.00
Refinance EIDL Proceed
Health Care Proceed
18765.00
Debt Interest Proceed
5000
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
207229.54
Forgiveness Date
06/10/2021