PPP Loan information for Douglas electric company

$508,699

Douglas electric company was initially approved for PPP Loan of amount $508,699, the current approved amount is $508,699. The loan was approved on 04/07/2020 by The First Merchants Bank reported 47 jobs and $508,699 was used to fund payroll.

Douglas electric company is Existing or more than 2 years old

PPP Loan Search / MI / WYANDOTTE / Douglas electric company

DOUGLAS ELECTRIC COMPANY

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DOUGLAS ELECTRIC COMPANY

Borrower Address

759 GROVE ST

Borrower City

WYANDOTTE

Borrower State

MI

Borrower Zip

48192-6835

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

508699.00

Current Approval Amount

508699.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WYANDOTTE

Project County Name

WAYNE

Project State

MI

Project Zip

48192-6835

CD

MI-13

Jobs Reported

47

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

508699.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

511500.33

Forgiveness Date

11/03/2020

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