PPP Loan information for L & m electric inc

$1,079,242

L & m electric inc was initially approved for PPP Loan of amount $1,161,200, the current approved amount is $1,079,242. The loan was approved on 04/14/2020 by The Truist Bank reported 114 jobs and $1,079,242 was used to fund payroll.

L & m electric inc is Existing or more than 2 years old

PPP Loan Search / GA / SNELLVILLE / L & m electric inc

L & M ELECTRIC INC

Date Approved

04/14/2020

SBA Office Code

0405

Processing Method

PPP

Borrower Name

L & M ELECTRIC INC

Borrower Address

2260 HEWATT RD STE A

Borrower City

SNELLVILLE

Borrower State

GA

Borrower Zip

30039-4021

Loan Status Date

02/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1161200.00

Current Approval Amount

1079242.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SNELLVILLE

Project County Name

GWINNETT

Project State

GA

Project Zip

30039-4021

CD

GA-07

Jobs Reported

114

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1079242.00

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

1087396.27

Forgiveness Date

01/28/2021

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