ADVANCED ELECTRICAL COMPANY LLC (AL) - 2020 PPP Loan Borrower Profile (# 5228848310)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ADVANCED ELECTRICAL COMPANY 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 Alabama.
Loan Detail
Loan Number
5228848310
SBA Office Code
0459
Processing Method
PPS
Curent Loan Amount
$211,883
Date Loan was Approved
Jan 25, 2021
Amount Forgiven
$214,572.74
Date Loan was Forgiven
May 5, 2022
Loan Status
Paid in Full
Loan Term
60 Months
Utilities Proced
1
Payroll Proced
211,878
Lender
ServisFirst Bank
Business Detail
Business Type
Limited Liability Company(LLC)
NAICS
238210
Borrower Location
Pelham, AL
Project Location
Pelham, AL
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
18
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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