PPP Loan information for Hi-tech electric company

$2,426,200

Hi-tech electric company was initially approved for PPP Loan of amount $2,426,200, the current approved amount is $2,426,200. The loan was approved on 04/04/2020 by The First National Bank of Michigan reported 129 jobs and $2,426,200 was used to fund payroll.

Hi-tech electric company is Existing or more than 2 years old

PPP Loan Search / MI / PORTAGE / Hi-tech electric company

HI-TECH ELECTRIC COMPANY

Date Approved

04/04/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

HI-TECH ELECTRIC COMPANY

Borrower Address

839 Lenox Ave Suite A

Borrower City

PORTAGE

Borrower State

MI

Borrower Zip

49024-5400

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2426200.00

Current Approval Amount

2426200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

440800

Servicing Lender Name

First National Bank of Michigan

Servicing Lender Address

348 W Michigan Ave

Servicing Lender City

KALAMAZOO

Servicing Lender State

MI

Servicing Lender Zip

49007-3755

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PORTAGE

Project County Name

KALAMAZOO

Project State

MI

Project Zip

49024-5400

CD

MI-06

Jobs Reported

129

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2426200.00

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

440800

Originating Lender

First National Bank of Michigan

Originating Lender City

KALAMAZOO

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2454516.75

Forgiveness Date

06/11/2021

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