PPP Loan information for Sbs electrical supply co., inc.

$130,000

Sbs electrical supply co., inc. was initially approved for PPP Loan of amount $130,000, the current approved amount is $130,000. The loan was approved on 04/07/2020 by The First Metro Bank reported 15 jobs and $130,000 was used to fund payroll.

Sbs electrical supply co., inc. is Existing or more than 2 years old

PPP Loan Search / AL / FLORENCE / Sbs electrical supply co., inc.

SBS ELECTRICAL SUPPLY CO., INC.

Date Approved

04/07/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

SBS ELECTRICAL SUPPLY CO., INC.

Borrower Address

625 CHERRY ST

Borrower City

FLORENCE

Borrower State

AL

Borrower Zip

35630-5727

Loan Status Date

03/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

130000.00

Current Approval Amount

130000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

112619

Servicing Lender Name

First Metro Bank

Servicing Lender Address

406 W Avalon Ave

Servicing Lender City

MUSCLE SHOALS

Servicing Lender State

AL

Servicing Lender Zip

35661-2808

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

35630-5727

CD

AL-05

Jobs Reported

15

NAICS Code

423610

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

13000.00

Payroll Proceed

97500.00

Mortgage Interest Proceed

19500.00

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

112619

Originating Lender

First Metro Bank

Originating Lender City

MUSCLE SHOALS

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

131094.17

Forgiveness Date

02/11/2021

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