PPP Loan information for Electrical power & design inc

$491,248

Electrical power & design inc was initially approved for PPP Loan of amount $491,248, the current approved amount is $491,248. The loan was approved on 01/25/2021 by The First Merchants Bank reported 24 jobs and $491,248 was used to fund payroll.

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

PPP Loan Search / MI / Redford / Electrical power & design inc

ELECTRICAL POWER & DESIGN INC

Date Approved

01/25/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

ELECTRICAL POWER & DESIGN INC

Borrower Address

18840 Woodworth

Borrower City

Redford

Borrower State

MI

Borrower Zip

48240-1957

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

491247.50

Current Approval Amount

491247.50

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

24

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

491242.50

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

493225.95

Forgiveness Date

06/23/2021

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