PPP Loan information for Tim rhodes electric co., inc.

$421,000

Tim rhodes electric co., inc. was initially approved for PPP Loan of amount $421,000, the current approved amount is $421,000. The loan was approved on 04/07/2020 by The United Community Bank reported 45 jobs and $421,000 was used to fund payroll.

Tim rhodes electric co., inc. is Existing or more than 2 years old

PPP Loan Search / AL / FLORENCE / Tim rhodes electric co., inc.

TIM RHODES ELECTRIC CO., INC.

Date Approved

04/07/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

TIM RHODES ELECTRIC CO., INC.

Borrower Address

3311 COUNTY ROAD 47

Borrower City

FLORENCE

Borrower State

AL

Borrower Zip

35630-8933

Loan Status Date

03/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

421000.00

Current Approval Amount

421000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19133

Servicing Lender Name

United Community Bank

Servicing Lender Address

177 Hwy 515 E

Servicing Lender City

BLAIRSVILLE

Servicing Lender State

GA

Servicing Lender Zip

30512-8579

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

35630-8933

CD

AL-05

Jobs Reported

45

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

350000.00

Mortgage Interest Proceed

31000.00

Rent Proceed

40000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

19133

Originating Lender

United Community Bank

Originating Lender City

BLAIRSVILLE

Originating Lender State

GA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

413317.58

Forgiveness Date

11/05/2020

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