ACKER ELECTRIC, INC (AL) - 2020 PPP Loan Borrower Profile (# 8720837001)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACKER 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 Alabama.

Loan Detail

Loan Number

8720837001

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$582,340

Date Loan was Approved

Apr 8, 2020

Amount Forgiven

$586,384.03

Date Loan was Forgiven

Dec 28, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

582,340

Lender

SouthPoint Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

238210

Borrower Location

ANNISTON, AL

Project Location

ANNISTON, AL

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.