PPP Loan information for Southern atlantic electric company inc.

$942,500

Southern atlantic electric company inc. was initially approved for PPP Loan of amount $942,500, the current approved amount is $942,500. The loan was approved on 04/15/2020 by The Hancock Whitney Bank reported 81 jobs and $942,500 was used to fund payroll.

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

PPP Loan Search / FL / JACKSONVILLE / Southern atlantic electric company inc.

SOUTHERN ATLANTIC ELECTRIC COMPANY INC.

Date Approved

04/15/2020

SBA Office Code

0491

Processing Method

PPP

Borrower Name

SOUTHERN ATLANTIC ELECTRIC COMPANY INC.

Borrower Address

11618 Columbia Park Drive East

Borrower City

JACKSONVILLE

Borrower State

FL

Borrower Zip

32258-2492

Loan Status Date

03/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

942500.00

Current Approval Amount

942500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39232

Servicing Lender Name

Hancock Whitney Bank

Servicing Lender Address

2510 14th St One Hancock Plz

Servicing Lender City

GULFPORT

Servicing Lender State

MS

Servicing Lender Zip

39501

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

JACKSONVILLE

Project County Name

DUVAL

Project State

FL

Project Zip

32258-2492

CD

FL-05

Jobs Reported

81

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

942500.00

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

39232

Originating Lender

Hancock Whitney Bank

Originating Lender City

GULFPORT

Originating Lender State

MS

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

950066.18

Forgiveness Date

02/04/2021

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