PPP Loan information for Abel electric inc

$333,333

Abel electric inc was initially approved for PPP Loan of amount $333,333, the current approved amount is $333,333. The loan was approved on 04/10/2020 by The Synovus Bank reported 43 jobs and $333,333 was used to fund payroll.

Abel electric inc is Existing or more than 2 years old

PPP Loan Search / AL / SALEM / Abel electric inc

ABEL ELECTRIC INC

Date Approved

04/10/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

ABEL ELECTRIC INC

Borrower Address

53 Lee Rd 2163

Borrower City

SALEM

Borrower State

AL

Borrower Zip

36874-4378

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

333332.50

Current Approval Amount

333332.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

19248

Servicing Lender Name

Synovus Bank

Servicing Lender Address

1148 Broadway

Servicing Lender City

COLUMBUS

Servicing Lender State

GA

Servicing Lender Zip

31901-2429

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SALEM

Project County Name

LEE

Project State

AL

Project Zip

36874-4378

CD

AL-03

Jobs Reported

43

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

333332.50

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

Corporation

Originating Lender Location Id

19248

Originating Lender

Synovus Bank

Originating Lender City

COLUMBUS

Originating Lender State

GA

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

335862.17

Forgiveness Date

01/20/2021

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