PPP Loan information for Tellico electric inc.

$302,400

Tellico electric inc. was initially approved for PPP Loan of amount $302,400, the current approved amount is $302,400. The loan was approved on 03/26/2021 by The Commercial Bank reported 23 jobs and $302,400 was used to fund payroll.

Tellico electric inc. is Existing or more than 2 years old

PPP Loan Search / TN / Lenoir City / Tellico electric inc.

TELLICO ELECTRIC INC.

Date Approved

03/26/2021

SBA Office Code

0474

Processing Method

PPS

Borrower Name

TELLICO ELECTRIC INC.

Borrower Address

1200 W Broadway St Ste A

Borrower City

Lenoir City

Borrower State

TN

Borrower Zip

37771-2660

Loan Status Date

12/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

302400.00

Current Approval Amount

302400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

67045

Servicing Lender Name

Commercial Bank

Servicing Lender Address

6710 Cumberland Gap Pkwy

Servicing Lender City

HARROGATE

Servicing Lender State

TN

Servicing Lender Zip

37752-8013

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lenoir City

Project County Name

LOUDON

Project State

TN

Project Zip

37771-2660

CD

TN-02

Jobs Reported

23

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

302396.00

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

67045

Originating Lender

Commercial Bank

Originating Lender City

HARROGATE

Originating Lender State

TN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

304298.40

Forgiveness Date

11/15/2021

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