Peavey Electronics Corporation

$1,443,596 PPP Loan in Meridian, Mississippi

Loan Details

Loan Number
5524387007
Date Approved
Apr 5, 2020
Loan Status
Exemption 4
Initial Approval
$1,443,596
Current Approval
$1,443,596
Forgiveness Amount
$1,246,587
Forgiveness Date
Jan 21, 2022
Term
60 months
Draw
First Draw

Business Information

Business Name
Peavey Electronics Corporation
Address
5022 Hartley Peavey Dr
ZIP Code
39305-8733
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423690)
Business Age
Existing or more than 2 years old
Jobs Reported
81
Estimated Revenue
$24.8M
Rural/Urban
Rural
Congressional District
MS-03

Loan Use Breakdown

Payroll
$1,300,000
Rent
$100,000
Utilities
$43,596

Lender Information

Servicing Lender
Pnc Bank, National Association
Originating Lender
First Source Federal Credit Union

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