Advance Electric Co, INC

$1,276,000 PPP Loan in Olive Branch, Mississippi

Loan Details

Loan Number
4653867000
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$1,276,000
Current Approval
$1,276,000
Forgiveness Amount
$1,283,271
Forgiveness Date
Nov 5, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Advance Electric Co, INC
Address
10500 Highway 178
ZIP Code
38654-8186
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
114
Estimated Revenue
$37.5M
Rural/Urban
Urban
Congressional District
MS-01

Loan Use Breakdown

Payroll
$1,276,000

Lender Information

Servicing Lender
Planters Bank & Trust Company
Originating Lender
Planters Bank & Trust Company

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