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Koontz Electric Company, Incorporated

$2,504,100 PPP Loan in Morrilton, Arkansas

Loan Details

Loan Number
4888037003
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$2,504,100
Current Approval
$2,504,100
Forgiveness Amount
$2,533,106
Forgiveness Date
Jun 8, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Koontz Electric Company, Incorporated
Address
1223 E Broadway
City
Morrilton
State
Arkansas
ZIP Code
72110
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
182
Estimated Revenue
$59.9M
Rural/Urban
Rural
Congressional District
AR-02

Loan Use Breakdown

Payroll
$2,443,300
Utilities
$47,500
Mortgage Interest
$13,300

Lender Information

Servicing Lender
Simmons Bank
Originating Lender
Simmons Bank

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