Sorrel Electrical Specialties

$204,879 PPP Loan in Broussard, Louisiana

Loan Details

Loan Number
8985807107
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$204,879
Current Approval
$204,879
Forgiveness Amount
$207,230
Forgiveness Date
Jun 10, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Sorrel Electrical Specialties
Address
204 Lake Talon Rd
ZIP Code
70518-8064
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
17
Estimated Revenue
$5.6M
Rural/Urban
Urban
Congressional District
LA-03

Loan Use Breakdown

Payroll
$161,114
Rent
$20,000
Health Care
$18,765
Debt Interest
$5,000

Lender Information

Servicing Lender
Community First Bank
Originating Lender
Community First Bank

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