Future Electric & Construction INC

$62,500 PPP Loan in Bessemer, Alabama

Loan Details

Loan Number
2303117304
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$62,500
Current Approval
$62,500
Forgiveness Amount
$63,185
Forgiveness Date
Jun 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Future Electric & Construction INC
Address
425 4th Avenue North
State
Alabama
ZIP Code
35020
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
7
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
AL-07

Loan Use Breakdown

Payroll
$56,250
Utilities
$2,500
Health Care
$3,750

Lender Information

Servicing Lender
American Express National Bank
Originating Lender
American Express National Bank

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