PPP Loan information for Ferndale electric company, inc

$4,003,000

Ferndale electric company, inc was initially approved for PPP Loan of amount $4,275,000, the current approved amount is $4,003,000. The loan was approved on 04/06/2020 by The The Huntington National Bank reported 142 jobs and $4,003,000 was used to fund payroll.

Ferndale electric company, inc is Existing or more than 2 years old

PPP Loan Search / MI / FERNDALE / Ferndale electric company, inc

FERNDALE ELECTRIC COMPANY, INC

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

FERNDALE ELECTRIC COMPANY, INC

Borrower Address

915 E DRAYTON ST

Borrower City

FERNDALE

Borrower State

MI

Borrower Zip

48220-1199

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

4275000.00

Current Approval Amount

4003000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

FERNDALE

Project County Name

OAKLAND

Project State

MI

Project Zip

48220-1199

CD

MI-09

Jobs Reported

142

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

4003000.00

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

Subchapter S Corporation

Originating Lender Location Id

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

1924271.89

Forgiveness Date

06/11/2021

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