PPP Loan information for Southern states electric company

$406,965

Southern states electric company was initially approved for PPP Loan of amount $406,965, the current approved amount is $406,965. The loan was approved on 04/09/2020 by The First Horizon Bank reported 30 jobs and $406,965 was used to fund payroll.

Southern states electric company is Existing or more than 2 years old

PPP Loan Search / TN / MURFREESBORO / Southern states electric company

SOUTHERN STATES ELECTRIC COMPANY

Date Approved

04/09/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

SOUTHERN STATES ELECTRIC COMPANY

Borrower Address

1124 BRINKLEY AVE STE B

Borrower City

MURFREESBORO

Borrower State

TN

Borrower Zip

37129-1718

Loan Status Date

05/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

406965.00

Current Approval Amount

406965.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MURFREESBORO

Project County Name

RUTHERFORD

Project State

TN

Project Zip

37129-1718

CD

TN-04

Jobs Reported

30

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2900.00

Payroll Proceed

380265.00

Mortgage Interest Proceed

0.00

Rent Proceed

4800.00

Refinance EIDL Proceed

0.00

Health Care Proceed

19000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

410480.73

Forgiveness Date

03/02/2021

;