PPP Loan information for American electrical contractors, inc

$3,234,477

American electrical contractors, inc was initially approved for PPP Loan of amount $3,234,477, the current approved amount is $3,234,477. The loan was approved on 04/07/2020 by The First Horizon Bank reported 165 jobs and $3,234,477 was used to fund payroll.

American electrical contractors, inc is Existing or more than 2 years old

PPP Loan Search / TN / MEMPHIS / American electrical contractors, inc

AMERICAN ELECTRICAL CONTRACTORS, INC

Date Approved

04/07/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

AMERICAN ELECTRICAL CONTRACTORS, INC

Borrower Address

3405 Pearson Road

Borrower City

MEMPHIS

Borrower State

TN

Borrower Zip

38118-1628

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3234477.35

Current Approval Amount

3234477.35

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67422

Servicing Lender Name

First Horizon Bank

Servicing Lender Address

165 Madison Ave

Servicing Lender City

MEMPHIS

Servicing Lender State

TN

Servicing Lender Zip

38103-2723

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MEMPHIS

Project County Name

SHELBY

Project State

TN

Project Zip

38118-1628

CD

TN-09

Jobs Reported

165

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7500.00

Payroll Proceed

3196977.35

Mortgage Interest Proceed

0.00

Rent Proceed

30000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

67422

Originating Lender

First Horizon Bank

Originating Lender City

MEMPHIS

Originating Lender State

TN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

3271583.99

Forgiveness Date

06/11/2021

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