ADCO ELECTRIC INCORPORATED (MS) - 2020 PPP Loan Borrower Profile (# 9582038304)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADCO ELECTRIC INCORPORATED. 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

9582038304

SBA Office Code

0470

Processing Method

PPS

Curent Loan Amount

$609,625

Date Loan was Approved

Jan 31, 2021

Amount Forgiven

$618,143.05

Date Loan was Forgiven

Jul 13, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

609,622

Lender

Trustmark National Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

238210

Borrower Location

Jackson, MS

Project Location

Jackson, MS

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.