PPP Loan information for Lakeland electric, inc

$591,874

Lakeland electric, inc was initially approved for PPP Loan of amount $609,668, the current approved amount is $591,874. The loan was approved on 04/10/2020 by The Putnam 1st Mercantile Bank reported 86 jobs and $591,874 was used to fund payroll.

Lakeland electric, inc is Existing or more than 2 years old

PPP Loan Search / TN / Cookeville / Lakeland electric, inc

LAKELAND ELECTRIC, INC

Date Approved

04/10/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

LAKELAND ELECTRIC, INC

Borrower Address

1560 Brown Ave

Borrower City

Cookeville

Borrower State

TN

Borrower Zip

38501-3930

Loan Status Date

12/15/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

609667.72

Current Approval Amount

591874.42

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

437146

Servicing Lender Name

Putnam 1st Mercantile Bank

Servicing Lender Address

200 W Jackson St

Servicing Lender City

COOKEVILLE

Servicing Lender State

TN

Servicing Lender Zip

38501-3930

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Cookeville

Project County Name

PUTNAM

Project State

TN

Project Zip

38501-3930

CD

TN-06

Jobs Reported

86

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

591874.42

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

437146

Originating Lender

Putnam 1st Mercantile Bank

Originating Lender City

COOKEVILLE

Originating Lender State

TN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

595524.31

Forgiveness Date

11/25/2020

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