PPP Loan information for B & b electrical contractors, inc.

$3,384,067

B & b electrical contractors, inc. was initially approved for PPP Loan of amount $3,384,067, the current approved amount is $3,384,067. The loan was approved on 04/07/2020 by The First Bank, Upper Michigan reported 203 jobs and $3,384,067 was used to fund payroll.

B & b electrical contractors, inc. is Existing or more than 2 years old

B & B ELECTRICAL CONTRACTORS, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

B & B ELECTRICAL CONTRACTORS, INC.

Borrower Address

627 Circle Drive

Borrower City

IRON MOUNTAIN

Borrower State

MI

Borrower Zip

49801-1473

Loan Status Date

07/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3384067.00

Current Approval Amount

3384067.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34945

Servicing Lender Name

First Bank, Upper Michigan

Servicing Lender Address

1400 Delta Ave

Servicing Lender City

GLADSTONE

Servicing Lender State

MI

Servicing Lender Zip

49837-1318

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

IRON MOUNTAIN

Project County Name

DICKINSON

Project State

MI

Project Zip

49801-1473

CD

MI-01

Jobs Reported

203

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

3384067.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

34945

Originating Lender

First Bank, Upper Michigan

Originating Lender City

GLADSTONE

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

3423285.09

Forgiveness Date

06/11/2021

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