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Madison Electric, INC

$853,197 PPP Loan in Madison, Alabama

Loan Details

Loan Number
5900457009
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$853,197
Current Approval
$798,654
Forgiveness Amount
$809,259
Forgiveness Date
Aug 5, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Madison Electric, INC
Address
188 Westchester Dr
City
Madison
State
Alabama
ZIP Code
35758-7838
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
73
Estimated Revenue
$24.0M
Rural/Urban
Urban
Congressional District
AL-05

Loan Use Breakdown

Payroll
$798,654

Lender Information

Servicing Lender
United Community Bank
Originating Lender
United Community Bank

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