PPP Loan information for Hi-tech electric company inc.

$2,000,000

Hi-tech electric company inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 03/20/2021 by The First National Bank of Michigan reported 161 jobs and $2,000,000 was used to fund payroll.

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

PPP Loan Search / MI / Portage / Hi-tech electric company inc.

HI-TECH ELECTRIC COMPANY INC.

Date Approved

03/20/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

HI-TECH ELECTRIC COMPANY INC.

Borrower Address

839 Lenox Ave

Borrower City

Portage

Borrower State

MI

Borrower Zip

49024-5400

Loan Status Date

01/06/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

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

161

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999996.00

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

2014794.52

Forgiveness Date

12/21/2021

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