El-Ark Electric Company, Inc.

$397,200 PPP Loan in El Dorado, Arkansas

Loan Details

Loan Number
7439497108
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$397,200
Current Approval
$397,200
Forgiveness Amount
$400,987
Forgiveness Date
Apr 1, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
El-Ark Electric Company, Inc.
Address
993 Industrial Road
ZIP Code
71730-6627
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
20
Estimated Revenue
$6.6M
Rural/Urban
Rural
Congressional District
AR-04

Loan Use Breakdown

Payroll
$297,900
Rent
$59,580
Utilities
$39,720

Lender Information

Servicing Lender
Southern Bancorp Bank
Originating Lender
Southern Bancorp Bank

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