A&B ELECTRIC CO. INC. (MS) - 2020 PPP Loan Borrower Profile (# 5362157004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to A&B ELECTRIC CO. 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 Mississippi.

Loan Detail

Loan Number

5362157004

SBA Office Code

0470

Processing Method

PPP

Curent Loan Amount

$1,556,440

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$1,574,733.5

Date Loan was Forgiven

Jun 24, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

56,440

Payroll Proced

1,000,000

Rent Proceed

500,000

Lender

Great Southern Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

MERIDIAN, MS

Project Location

MERIDIAN, MS

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.