ALVA ELECTRIC, INC (IN) - 2020 PPP Loan Borrower Profile (# 1382888104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALVA ELECTRIC, 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 Indiana.

Loan Detail

Loan Number

1382888104

SBA Office Code

0562

Processing Method

PPP

Curent Loan Amount

$1,403,700

Date Loan was Approved

Jul 9, 2020

Amount Forgiven

$1,413,391.3

Date Loan was Forgiven

Mar 23, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

1,403,700

Lender

Old National Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

811490

Borrower Location

EVANSVILLE, IN

Project Location

EVANSVILLE, IN

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.