PPP Loan information for Garnet electric company, inc.

$1,747,900

Garnet electric company, inc. was initially approved for PPP Loan of amount $1,747,900, the current approved amount is $1,747,900. The loan was approved on 04/10/2020 by The Truist Bank reported 100 jobs and $1,747,900 was used to fund payroll.

Garnet electric company, inc. is Existing or more than 2 years old

PPP Loan Search / AL / SHEFFIELD / Garnet electric company, inc.

GARNET ELECTRIC COMPANY, INC.

Date Approved

04/10/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

GARNET ELECTRIC COMPANY, INC.

Borrower Address

1615 STATE ST

Borrower City

SHEFFIELD

Borrower State

AL

Borrower Zip

35660-3523

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1747900.00

Current Approval Amount

1747900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

225134

Servicing Lender Name

Truist Bank

Servicing Lender Address

214 N Tryon St

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-1078

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SHEFFIELD

Project County Name

COLBERT

Project State

AL

Project Zip

35660-3523

CD

AL-04

Jobs Reported

100

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1747900.00

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

Subchapter S Corporation

Originating Lender Location Id

225134

Originating Lender

Truist Bank

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1758824.38

Forgiveness Date

12/02/2020

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