PPP Loan information for El-ark electric company

$397,200

El-ark electric company was initially approved for PPP Loan of amount $397,200, the current approved amount is $397,200. The loan was approved on 02/10/2021 by The Southern Bancorp Bank reported 21 jobs and $397,200 was used to fund payroll.

El-ark electric company is Existing or more than 2 years old

PPP Loan Search / AR / El Dorado / El-ark electric company

EL-ARK ELECTRIC COMPANY

Date Approved

02/10/2021

SBA Office Code

0669

Processing Method

PPS

Borrower Name

EL-ARK ELECTRIC COMPANY

Borrower Address

993 Industrial Rd

Borrower City

El Dorado

Borrower State

AR

Borrower Zip

71730-6627

Loan Status Date

09/29/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

397200.00

Current Approval Amount

397200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

4089

Servicing Lender Name

Southern Bancorp Bank

Servicing Lender Address

605 Main St

Servicing Lender City

ARKADELPHIA

Servicing Lender State

AR

Servicing Lender Zip

71923-6037

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

El Dorado

Project County Name

UNION

Project State

AR

Project Zip

71730-6627

CD

AR-04

Jobs Reported

21

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

397196.00

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

Subchapter S Corporation

Originating Lender Location Id

4089

Originating Lender

Southern Bancorp Bank

Originating Lender City

ARKADELPHIA

Originating Lender State

AR

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

399267.62

Forgiveness Date

08/23/2021

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