Standard Electric Company INC

$1,355,600 PPP Loan in Memphis, Tennessee

Loan Details

Loan Number
9107297001
Date Approved
Apr 9, 2020
Loan Status
Paid in Full
Initial Approval
$1,355,600
Current Approval
$1,355,600
Forgiveness Amount
$1,371,227
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Standard Electric Company INC
Address
876 Vance Ave
ZIP Code
38126-2911
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
55
Estimated Revenue
$18.1M
Rural/Urban
Urban
Congressional District
TN-09

Loan Use Breakdown

Payroll
$1,355,600

Lender Information

Servicing Lender
Truist Bank
Originating Lender
Truist Bank

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