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Abel Electric INC

$333,333 PPP Loan in Salem, Alabama

Loan Details

Loan Number
1885227100
Date Approved
Apr 10, 2020
Loan Status
Paid in Full
Initial Approval
$333,333
Current Approval
$333,333
Forgiveness Amount
$335,862
Forgiveness Date
Jan 20, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Abel Electric INC
Address
53 Lee Rd 2163
City
Salem
State
Alabama
ZIP Code
36874-4378
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$14.1M
Rural/Urban
Urban
Congressional District
AL-03

Loan Use Breakdown

Payroll
$333,333

Lender Information

Servicing Lender
Synovus Bank
Originating Lender
Synovus Bank

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