PPP Loan information for B electric, inc.

$330,444

B electric, inc. was initially approved for PPP Loan of amount $330,444, the current approved amount is $330,444. The loan was approved on 04/15/2020 by The CB&S Bank reported 28 jobs and $330,444 was used to fund payroll.

B electric, inc. is Existing or more than 2 years old

PPP Loan Search / AL / FLORENCE / B electric, inc.

B ELECTRIC, INC.

Date Approved

04/15/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

B ELECTRIC, INC.

Borrower Address

6644 Highway 17

Borrower City

FLORENCE

Borrower State

AL

Borrower Zip

35634-5734

Loan Status Date

01/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

330444.42

Current Approval Amount

330444.42

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

3228

Servicing Lender Name

CB&S Bank

Servicing Lender Address

200 Jackson Ave South

Servicing Lender City

RUSSELLVILLE

Servicing Lender State

AL

Servicing Lender Zip

35653-2234

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FLORENCE

Project County Name

LAUDERDALE

Project State

AL

Project Zip

35634-5734

CD

AL-05

Jobs Reported

28

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1200.00

Payroll Proceed

319244.42

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

3228

Originating Lender

CB&S Bank

Originating Lender City

RUSSELLVILLE

Originating Lender State

AL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

332647.38

Forgiveness Date

12/17/2020

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