PPP Loan information for Tellico electric, inc.

$268,400

Tellico electric, inc. was initially approved for PPP Loan of amount $268,400, the current approved amount is $268,400. The loan was approved on 04/15/2020 by The Commercial Bank reported 5 jobs and $268,400 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

04/15/2020

SBA Office Code

0474

Processing Method

PPP

Borrower Name

TELLICO ELECTRIC, INC.

Borrower Address

1200 WEST BROADWAY ST, STE A

Borrower City

LENOIR CITY

Borrower State

TN

Borrower Zip

37771-2660

Loan Status Date

06/11/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

268400.00

Current Approval Amount

268400.00

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

5

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

268400.00

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

271337.49

Forgiveness Date

05/21/2021

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