PPP Loan information for Direct electric inc

$268,912

Direct electric inc was initially approved for PPP Loan of amount $268,912, the current approved amount is $268,912. The loan was approved on 03/16/2021 by The West Michigan Community Bank reported 27 jobs and $268,912 was used to fund payroll.

Direct electric inc is Existing or more than 2 years old

PPP Loan Search / MI / Zeeland / Direct electric inc

DIRECT ELECTRIC INC

Date Approved

03/16/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

DIRECT ELECTRIC INC

Borrower Address

10684 Chicago Dr

Borrower City

Zeeland

Borrower State

MI

Borrower Zip

49464-9184

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

268912.00

Current Approval Amount

268912.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35340

Servicing Lender Name

West Michigan Community Bank

Servicing Lender Address

3467 Kelly St

Servicing Lender City

HUDSONVILLE

Servicing Lender State

MI

Servicing Lender Zip

49426-1435

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Zeeland

Project County Name

OTTAWA

Project State

MI

Project Zip

49464-9184

CD

MI-02

Jobs Reported

27

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

268912.00

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

Corporation

Originating Lender Location Id

35340

Originating Lender

West Michigan Community Bank

Originating Lender City

HUDSONVILLE

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

270518.00

Forgiveness Date

10/20/2021

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