PPP Loan information for A&b electric co. inc.

$1,556,440

A&b electric co. inc. was initially approved for PPP Loan of amount $1,556,440, the current approved amount is $1,556,440. The loan was approved on 04/05/2020 by The Great Southern Bank reported 89 jobs and $1,556,440 was used to fund payroll.

A&b electric co. inc. is Existing or more than 2 years old

PPP Loan Search / MS / MERIDIAN / A&b electric co. inc.

A&B ELECTRIC CO. INC.

Date Approved

04/05/2020

SBA Office Code

0470

Processing Method

PPP

Borrower Name

A&B ELECTRIC CO. INC.

Borrower Address

1020 D Street

Borrower City

MERIDIAN

Borrower State

MS

Borrower Zip

39301-5441

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1556440.00

Current Approval Amount

1556440.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

39708

Servicing Lender Name

Great Southern Bank

Servicing Lender Address

218 22nd Ave South

Servicing Lender City

MERIDIAN

Servicing Lender State

MS

Servicing Lender Zip

39301-5946

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MERIDIAN

Project County Name

LAUDERDALE

Project State

MS

Project Zip

39301-5441

CD

MS-03

Jobs Reported

89

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

56440.00

Payroll Proceed

1000000.00

Mortgage Interest Proceed

0.00

Rent Proceed

500000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

39708

Originating Lender

Great Southern Bank

Originating Lender City

MERIDIAN

Originating Lender State

MS

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1574733.50

Forgiveness Date

06/24/2021

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