PPP Loan information for Richard electric company, inc.

$195,000

Richard electric company, inc. was initially approved for PPP Loan of amount $195,000, the current approved amount is $195,000. The loan was approved on 04/07/2020 by The SouthPoint Bank reported 28 jobs and $195,000 was used to fund payroll.

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

PPP Loan Search / AL / CULLMAN / Richard electric company, inc.

RICHARD ELECTRIC COMPANY, INC.

Date Approved

04/07/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

RICHARD ELECTRIC COMPANY, INC.

Borrower Address

PO BOX 157

Borrower City

CULLMAN

Borrower State

AL

Borrower Zip

35056-0157

Loan Status Date

02/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

195000.00

Current Approval Amount

195000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

437056

Servicing Lender Name

SouthPoint Bank

Servicing Lender Address

3501 Grandview Pkwy

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35243-1930

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CULLMAN

Project County Name

CULLMAN

Project State

AL

Project Zip

35056-0157

CD

AL-04

Jobs Reported

28

NAICS Code

238220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

195000.00

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

437056

Originating Lender

SouthPoint Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

196554.58

Forgiveness Date

01/25/2021

;