PPP Loan information for Electrical power and design inc.

$300,000

Electrical power and design inc. was initially approved for PPP Loan of amount $300,000, the current approved amount is $300,000. The loan was approved on 04/27/2020 by The First Merchants Bank reported 30 jobs and $300,000 was used to fund payroll.

Electrical power and design inc. is Existing or more than 2 years old

PPP Loan Search / MI / REDFORD / Electrical power and design inc.

ELECTRICAL POWER AND DESIGN INC.

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ELECTRICAL POWER AND DESIGN INC.

Borrower Address

18840 Woodworth

Borrower City

REDFORD

Borrower State

MI

Borrower Zip

48240-1957

Loan Status Date

12/16/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

300000.00

Current Approval Amount

300000.00

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

REDFORD

Project County Name

WAYNE

Project State

MI

Project Zip

48240-1957

CD

MI-12

Jobs Reported

30

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

300000.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

301536.99

Forgiveness Date

11/03/2020

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