Lawson Electric Company, Inc.
$4,000,000 PPP Loan in Chattanooga, Tennessee
Loan Details
- Loan Number
- 8509417107
- Date Approved
- Apr 15, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $4,000,000
- Current Approval
- $4,000,000
- Forgiveness Amount
- $4,050,556
- Forgiveness Date
- Aug 2, 2021
- Term
- 60 months
- Draw
- First Draw
Business Information
- Business Name
- Lawson Electric Company, Inc.
- Address
- 409 Spring Street
- City
- Chattanooga
- State
- Tennessee
- ZIP Code
- 37405-3848
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 500
- Estimated Revenue
- $164.5M
- Rural/Urban
- Urban
- Congressional District
- TN-03
Loan Use Breakdown
- Payroll
- $3,908,000
- Rent
- $82,000
- Utilities
- $10,000
Lender Information
- Servicing Lender
- First Horizon Bank
- Originating Lender
- First Horizon Bank
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