PPP Loan information for Industrial electric of alabama inc

$110,000

Industrial electric of alabama inc was initially approved for PPP Loan of amount $110,000, the current approved amount is $110,000. The loan was approved on 04/10/2020 by The River Bank & Trust reported 10 jobs and $110,000 was used to fund payroll.

Industrial electric of alabama inc is Existing or more than 2 years old

PPP Loan Search / AL / MONTEVALLO / Industrial electric of alabama inc

INDUSTRIAL ELECTRIC OF ALABAMA INC

Date Approved

04/10/2020

SBA Office Code

0459

Processing Method

PPP

Borrower Name

INDUSTRIAL ELECTRIC OF ALABAMA INC

Borrower Address

3820 HIGHWAY 25

Borrower City

MONTEVALLO

Borrower State

AL

Borrower Zip

35115-4177

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

110000.00

Current Approval Amount

110000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

440693

Servicing Lender Name

River Bank & Trust

Servicing Lender Address

2611 Legends Dr

Servicing Lender City

PRATTVILLE

Servicing Lender State

AL

Servicing Lender Zip

36066-7761

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MONTEVALLO

Project County Name

SHELBY

Project State

AL

Project Zip

35115-4177

CD

AL-06

Jobs Reported

10

NAICS Code

811310

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

4811.00

Payroll Proceed

99189.00

Mortgage Interest Proceed

0.00

Rent Proceed

6000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

440693

Originating Lender

River Bank & Trust

Originating Lender City

PRATTVILLE

Originating Lender State

AL

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

110614.17

Forgiveness Date

11/05/2020

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