Elec-Tec, INC

$124,238 PPP Loan in Quitman, Georgia

Loan Details

Loan Number
2811077301
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$124,238
Current Approval
$124,238
Forgiveness Amount
$125,361
Forgiveness Date
Apr 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Elec-Tec, INC
Address
15656 US Hwy 84
State
Georgia
ZIP Code
31643
Business Type
Corporation
Industry (NAICS)
Manufacturing (335931)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
$5.2M
Rural/Urban
Rural
Congressional District
GA-08

Loan Use Breakdown

Payroll
$86,966
Utilities
$24,848
Mortgage Interest
$12,424

Lender Information

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

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