Garnet Electric Company, Inc.

$1,747,900 PPP Loan in Sheffield, Alabama

Loan Details

Loan Number
1561187105
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$1,747,900
Current Approval
$1,747,900
Forgiveness Amount
$1,758,824
Forgiveness Date
Dec 2, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Garnet Electric Company, Inc.
Address
1615 State St
State
Alabama
ZIP Code
35660-3523
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
100
Estimated Revenue
$32.9M
Rural/Urban
Rural
Congressional District
AL-04

Loan Use Breakdown

Payroll
$1,747,900

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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