A & S ELECTRICAL CONTRACTORS INC. (AL) - 2020 PPP Loan Borrower Profile (# 3781108503)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A & S ELECTRICAL CONTRACTORS 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

3781108503

SBA Office Code

0459

Processing Method

PPS

Curent Loan Amount

$336,982.5

Date Loan was Approved

Feb 24, 2021

Amount Forgiven

$339,133.65

Date Loan was Forgiven

Oct 22, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

336,980.5

Lender

The Exchange Bank of Alabama

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

Gadsden, AL

Project Location

Gadsden, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.