PPP Loan information for Wallace electric company

$1,149,200

Wallace electric company was initially approved for PPP Loan of amount $1,149,200, the current approved amount is $1,149,200. The loan was approved on 04/14/2020 by The United Community Bank reported 99 jobs and $1,149,200 was used to fund payroll.

Wallace electric company is Existing or more than 2 years old

PPP Loan Search / GA / MCDONOUGH / Wallace electric company

WALLACE ELECTRIC COMPANY

Date Approved

04/14/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

WALLACE ELECTRIC COMPANY

Borrower Address

117 Park W Drive

Borrower City

MCDONOUGH

Borrower State

GA

Borrower Zip

30253

Loan Status Date

06/24/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1149200.00

Current Approval Amount

1149200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19133

Servicing Lender Name

United Community Bank

Servicing Lender Address

177 Hwy 515 E

Servicing Lender City

BLAIRSVILLE

Servicing Lender State

GA

Servicing Lender Zip

30512-8579

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MCDONOUGH

Project County Name

HENRY

Project State

GA

Project Zip

30253-0001

CD

GA-10

Jobs Reported

99

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1149200.00

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

19133

Originating Lender

United Community Bank

Originating Lender City

BLAIRSVILLE

Originating Lender State

GA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1160943.88

Forgiveness Date

05/06/2021

;