B & B ELECTRICAL & UTILITY CONTRACTORS (MS) - 2020 PPP Loan Borrower Profile (# 7549477005)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to B & B ELECTRICAL & UTILITY CONTRACTORS. 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

7549477005

SBA Office Code

0470

Processing Method

PPP

Curent Loan Amount

$5,233,500

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$5,290,487

Date Loan was Forgiven

May 17, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

8,928.58

Payroll Proced

4,839,613.61

Rent Proceed

115,000

Health Care Proceed

137,776.97

Debt Interest Proceed

132,180.84

Lender

BankPlus

Business Detail

Business Type

Corporation

NAICS

237130

Borrower Location

CANTON, MS

Project Location

CANTON, MS

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

295

Business Age Description

Existing or more than 2 years old

Data Source: SBA.