PPP Loan information for G & b electric inc

$661,000

G & b electric inc was initially approved for PPP Loan of amount $661,000, the current approved amount is $661,000. The loan was approved on 04/16/2020 by The Superior National Bank reported 66 jobs and $661,000 was used to fund payroll.

G & b electric inc is Existing or more than 2 years old

PPP Loan Search / MI / FERNDALE / G & b electric inc

G & B ELECTRIC INC

Date Approved

04/16/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

G & B ELECTRIC INC

Borrower Address

830 ORCHARD ST

Borrower City

FERNDALE

Borrower State

MI

Borrower Zip

48220-1482

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

661000.00

Current Approval Amount

661000.00

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

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

48220-1482

CD

MI-11

Jobs Reported

66

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

661000.00

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

35292

Originating Lender

Superior National Bank

Originating Lender City

HANCOCK

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

668696.58

Forgiveness Date

06/29/2021

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