Telephone Electronics Corporation

$2,500,000 PPP Loan in Jackson, Mississippi

Loan Details

Loan Number
3840527309
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$2,500,000
Current Approval
$2,500,000
Forgiveness Amount
$2,527,397
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Telephone Electronics Corporation
Address
236 East Capitol Street
ZIP Code
39201
Business Type
Corporation
Industry (NAICS)
Information (517311)
Business Age
Existing or more than 2 years old
Jobs Reported
204
Estimated Revenue
$34.3M
Rural/Urban
Urban
Congressional District
MS-03

Loan Use Breakdown

Payroll
$2,500,000

Lender Information

Servicing Lender
Regions Bank
Originating Lender
Regions Bank

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