Hinson Electric INC

$557,300 PPP Loan in Monroe, North Carolina

Loan Details

Loan Number
3604607307
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$557,300
Current Approval
$557,300
Forgiveness Amount
$561,867
Forgiveness Date
Mar 1, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Hinson Electric INC
Address
2200 Stafford St. Ext.
City
Monroe
ZIP Code
28110
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
61
Estimated Revenue
$20.1M
Rural/Urban
Urban
Congressional District
NC-08

Loan Use Breakdown

Payroll
$557,300

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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