A&B ELECTRIC COMPANY OF MOBILE, INC. (AL) - 2020 PPP Loan Borrower Profile (# 3554547107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A&B ELECTRIC COMPANY OF MOBILE, INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Alabama.

Loan Detail

Loan Number

3554547107

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$172,350

Date Loan was Approved

Apr 11, 2020

Amount Forgiven

$174,862.06

Date Loan was Forgiven

Oct 7, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

172,350

Lender

Cadence Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

MOBILE, AL

Project Location

MOBILE, AL

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.