As part of the Paycheck Protection Program WALLACE ELECTRIC COMPANY 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.

WALLACE ELECTRIC COMPANY


Loan Amount	$1,149,200
BusinessName	WALLACE ELECTRIC COMPANY
Address	117 Park W Drive
City	MCDONOUGH
State	GA
Zip	30253
NAICSCode	238210
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	99
DateApproved	04/14/2020
Lender	United Community Bank
CD	GA-03
BusinessName.clean	WALLACE 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

WALLACE ENGINEERING STRUCTURAL CONSULTANTS
WALLACE GRAPHICS
WALLACE HARDWARE CO
WALLACE IMPORTS OF BRISTOL
WALLACE J 2755 SE FEDERAL HIGHWAY