As part of the Paycheck Protection Program SHOALS ELECTRIC COMPANY, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

SHOALS ELECTRIC COMPANY, INC


Loan Amount	$1,398,600
BusinessName	SHOALS ELECTRIC COMPANY, INC
Address	704 DAVISON AVE
City	MUSCLE SHOALS
State	AL
Zip	35661
NAICSCode	238210
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Unanswered
NonProfit
JobsReported	202
DateApproved	04/09/2020
Lender	First Metro Bank
CD	AL-04
BusinessName.clean	SHOALS ELECTRIC COMPANY

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

AVIACODE
SHOALS PRIMARY CARE
SHOCK TECH
SHOCKLEY
SHOCO OIL