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Rains Electric Company INC

$459,780 PPP Loan in Madison, Tennessee

Loan Details

Loan Number
7827177206
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$459,780
Current Approval
$459,780
Forgiveness Amount
$462,398
Forgiveness Date
Nov 20, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Rains Electric Company INC
Address
212 Williams Ave
City
Madison
State
Tennessee
ZIP Code
37115
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
34
Estimated Revenue
$11.2M
Rural/Urban
Urban
Congressional District
TN-05

Loan Use Breakdown

Payroll
$344,835
Utilities
$45,978
Mortgage Interest
$68,967

Lender Information

Servicing Lender
Volunteer State Bank
Originating Lender
Volunteer State Bank

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