PPP Loan information for Elders electric co.

$554,284

Elders electric co. was initially approved for PPP Loan of amount $554,284, the current approved amount is $554,284. The loan was approved on 03/26/2021 by The Grand River Bank reported 31 jobs and $554,284 was used to fund payroll.

Elders electric co. is Existing or more than 2 years old

PPP Loan Search / MI / Grandville / Elders electric co.

ELDERS ELECTRIC CO.

Date Approved

03/26/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

ELDERS ELECTRIC CO.

Borrower Address

4051 Chicago Dr SW

Borrower City

Grandville

Borrower State

MI

Borrower Zip

49418-1257

Loan Status Date

08/12/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

554284.00

Current Approval Amount

554284.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

464533

Servicing Lender Name

Grand River Bank

Servicing Lender Address

4471 Wilson Ave SW

Servicing Lender City

GRANDVILLE

Servicing Lender State

MI

Servicing Lender Zip

49418-2366

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Grandville

Project County Name

KENT

Project State

MI

Project Zip

49418-1257

CD

MI-02

Jobs Reported

31

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

554284.00

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

464533

Originating Lender

Grand River Bank

Originating Lender City

GRANDVILLE

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

556045.56

Forgiveness Date

07/27/2021

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