Banks Electric, Incorporated

$475,750 PPP Loan in Collierville, Tennessee

Loan Details

Loan Number
8310207008
Date Approved
Apr 8, 2020
Loan Status
Paid in Full
Initial Approval
$475,750
Current Approval
$475,750
Forgiveness Amount
$480,600
Forgiveness Date
Apr 27, 2021
Term
59 months
Draw
First Draw

Business Information

Business Name
Banks Electric, Incorporated
Address
399 Distribution Pkwy
ZIP Code
38017-3924
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
44
Estimated Revenue
$14.5M
Rural/Urban
Urban
Congressional District
TN-08

Loan Use Breakdown

Payroll
$475,750

Lender Information

Servicing Lender
First Horizon Bank
Originating Lender
First Horizon Bank

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