Synergy Electric, Inc.

$555,926 PPP Loan in Madison, Mississippi

Loan Details

Loan Number
1361357103
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$555,926
Current Approval
$555,926
Forgiveness Amount
$559,092
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Synergy Electric, Inc.
Address
372 Distribution Dr
ZIP Code
39110-8745
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
55
Estimated Revenue
$18.1M
Rural/Urban
Urban
Congressional District
MS-03

Loan Use Breakdown

Payroll
$444,741
Utilities
$55,593
Mortgage Interest
$55,593

Lender Information

Servicing Lender
The Citizens National Bank of Meridian
Originating Lender
The Citizens National Bank of Meridian

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