Tim Rhodes Electric Co., Inc.

$421,000 PPP Loan in Florence, Alabama

Loan Details

Loan Number
7028327000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$421,000
Current Approval
$421,000
Forgiveness Amount
$423,402
Forgiveness Date
Feb 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Tim Rhodes Electric Co., Inc.
Address
3311 County Road 47
State
Alabama
ZIP Code
35630-8933
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
45
Estimated Revenue
$14.8M
Rural/Urban
Rural
Congressional District
AL-05

Loan Use Breakdown

Payroll
$350,000
Rent
$40,000
Mortgage Interest
$31,000

Lender Information

Servicing Lender
United Community Bank
Originating Lender
United Community Bank

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