ADAM'S ELECTRICAL, LLC (LA) - 2020 PPP Loan Borrower Profile (# 4812707105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADAM'S ELECTRICAL, LLC. 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 Louisiana.

Loan Detail

Loan Number

4812707105

SBA Office Code

0679

Processing Method

PPP

Curent Loan Amount

$64,669

Date Loan was Approved

Apr 13, 2020

Amount Forgiven

$65,053.47

Date Loan was Forgiven

Nov 24, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

1,669

Payroll Proced

61,000

Mortgage Interest Proceed

2,000

Lender

The Cottonport Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

COTTONPORT, LA

Project Location

COTTONPORT, LA

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.