PPP Loan information for Mcgaha electric company

$899,700

Mcgaha electric company was initially approved for PPP Loan of amount $899,700, the current approved amount is $899,700. The loan was approved on 04/28/2020 by The Regions Bank reported 92 jobs and $899,700 was used to fund payroll.

Mcgaha electric company is Existing or more than 2 years old

PPP Loan Search / TN / Knoxville / Mcgaha electric company

MCGAHA ELECTRIC COMPANY

Date Approved

04/28/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

MCGAHA ELECTRIC COMPANY

Borrower Address

1401 North Sixth Avenue

Borrower City

Knoxville

Borrower State

TN

Borrower Zip

37917

Loan Status Date

01/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

899700.00

Current Approval Amount

899700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

2408

Servicing Lender Name

Regions Bank

Servicing Lender Address

1900 Fifth Avenue North

Servicing Lender City

BIRMINGHAM

Servicing Lender State

AL

Servicing Lender Zip

35203

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Knoxville

Project County Name

KNOX

Project State

TN

Project Zip

37917-1000

CD

TN-02

Jobs Reported

92

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

899700.00

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

2408

Originating Lender

Regions Bank

Originating Lender City

BIRMINGHAM

Originating Lender State

AL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

905418.64

Forgiveness Date

12/21/2020

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