PPP Loan information for Southern electrical contractors, inc

$252,000

Southern electrical contractors, inc was initially approved for PPP Loan of amount $252,000, the current approved amount is $252,000. The loan was approved on 04/29/2020 by The Cadence Bank reported 10 jobs and $252,000 was used to fund payroll.

Southern electrical contractors, inc is Existing or more than 2 years old

SOUTHERN ELECTRICAL CONTRACTORS, INC

Date Approved

04/29/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

SOUTHERN ELECTRICAL CONTRACTORS, INC

Borrower Address

200 CONTRACTORS LN

Borrower City

SYLACAUGA

Borrower State

AL

Borrower Zip

35150-6129

Loan Status Date

06/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

252000.00

Current Approval Amount

252000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39848

Servicing Lender Name

Cadence Bank

Servicing Lender Address

201 S Spring St

Servicing Lender City

TUPELO

Servicing Lender State

MS

Servicing Lender Zip

38804-4811

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SYLACAUGA

Project County Name

TALLADEGA

Project State

AL

Project Zip

35150-6129

CD

AL-03

Jobs Reported

10

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1000.00

Payroll Proceed

250000.00

Mortgage Interest Proceed

1000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

39848

Originating Lender

Cadence Bank

Originating Lender City

TUPELO

Originating Lender State

MS

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

254632.00

Forgiveness Date

05/21/2021

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