PPP Loan information for Banks electric, incorporated

$475,750

Banks electric, incorporated was initially approved for PPP Loan of amount $475,750, the current approved amount is $475,750. The loan was approved on 04/08/2020 by The First Horizon Bank reported 44 jobs and $475,750 was used to fund payroll.

Banks electric, incorporated is Existing or more than 2 years old

PPP Loan Search / TN / COLLIERVILLE / Banks electric, incorporated

BANKS ELECTRIC, INCORPORATED

Date Approved

04/08/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

BANKS ELECTRIC, INCORPORATED

Borrower Address

399 DISTRIBUTION PKWY

Borrower City

COLLIERVILLE

Borrower State

TN

Borrower Zip

38017-3924

Loan Status Date

05/21/2021

Loan Status

Paid in Full

Term

59

SBA Guaranty Percentage

100

Initial Approval Amount

475750.00

Current Approval Amount

475750.00

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

COLLIERVILLE

Project County Name

SHELBY

Project State

TN

Project Zip

38017-3924

CD

TN-08

Jobs Reported

44

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

475750.00

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

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

480600.01

Forgiveness Date

04/27/2021

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