PPP Loan information for Power systems electric inc

$199,181

Power systems electric inc was initially approved for PPP Loan of amount $199,181, the current approved amount is $199,181. The loan was approved on 02/06/2021 by The Volunteer State Bank reported 19 jobs and $199,181 was used to fund payroll.

Power systems electric inc is Existing or more than 2 years old

PPP Loan Search / TN / Brentwood / Power systems electric inc

POWER SYSTEMS ELECTRIC INC

Date Approved

02/06/2021

SBA Office Code

0474

Processing Method

PPS

Borrower Name

POWER SYSTEMS ELECTRIC INC

Borrower Address

5560 Franklin Pike Cir # 203

Borrower City

Brentwood

Borrower State

TN

Borrower Zip

37027-4396

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

199180.55

Current Approval Amount

199180.55

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

68778

Servicing Lender Name

Volunteer State Bank

Servicing Lender Address

101 Hwy 52 W

Servicing Lender City

PORTLAND

Servicing Lender State

TN

Servicing Lender Zip

37148-1407

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Brentwood

Project County Name

DAVIDSON

Project State

TN

Project Zip

37027-4396

CD

TN-07

Jobs Reported

19

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

199177.55

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

68778

Originating Lender

Volunteer State Bank

Originating Lender City

PORTLAND

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

200065.80

Forgiveness Date

07/20/2021

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