PPP Loan information for Erico electric, inc.

$292,560

Erico electric, inc. was initially approved for PPP Loan of amount $292,560, the current approved amount is $292,560. The loan was approved on 04/07/2020 by The Superior National Bank reported 26 jobs and $292,560 was used to fund payroll.

Erico electric, inc. is Existing or more than 2 years old

PPP Loan Search / MI / HANCOCK / Erico electric, inc.

ERICO ELECTRIC, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ERICO ELECTRIC, INC.

Borrower Address

19273 Kiiskila Road

Borrower City

HANCOCK

Borrower State

MI

Borrower Zip

49930-9668

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

292560.00

Current Approval Amount

292560.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35292

Servicing Lender Name

Superior National Bank

Servicing Lender Address

235 Quincy St

Servicing Lender City

HANCOCK

Servicing Lender State

MI

Servicing Lender Zip

49930-1816

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HANCOCK

Project County Name

HOUGHTON

Project State

MI

Project Zip

49930-9668

CD

MI-01

Jobs Reported

26

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2240.00

Payroll Proceed

282320.00

Mortgage Interest Proceed

0.00

Rent Proceed

8000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

35292

Originating Lender

Superior National Bank

Originating Lender City

HANCOCK

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

294211.16

Forgiveness Date

11/03/2020

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