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Wallace Electric Company

$1,149,200 PPP Loan in Mcdonough, Georgia

Loan Details

Loan Number
6061297110
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$1,149,200
Current Approval
$1,149,200
Forgiveness Amount
$1,160,944
Forgiveness Date
May 6, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Wallace Electric Company
Address
117 Park W Drive
City
Mcdonough
State
Georgia
ZIP Code
30253
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
99
Estimated Revenue
$32.6M
Rural/Urban
Urban
Congressional District
GA-10

Loan Use Breakdown

Payroll
$1,149,200

Lender Information

Servicing Lender
United Community Bank
Originating Lender
United Community Bank

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