AUDET ELECTRIC INC (AL) - 2020 PPP Loan Borrower Profile (# 4019057105)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AUDET 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

4019057105

SBA Office Code

0459

Processing Method

PPP

Curent Loan Amount

$517,697

Date Loan was Approved

Apr 12, 2020

Amount Forgiven

$430,937.32

Date Loan was Forgiven

Nov 2, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

5,000

Payroll Proced

507,697

Mortgage Interest Proceed

5,000

Lender

First Source Federal Credit Union

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

ROBERTSDALE, AL

Project Location

ROBERTSDALE, AL

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.