PPP Loan information for Highpoint electric inc.

$1,227,224

Highpoint electric inc. was initially approved for PPP Loan of amount $1,227,224, the current approved amount is $1,227,224. The loan was approved on 04/06/2020 by The Mercantile Bank reported 96 jobs and $1,227,224 was used to fund payroll.

Highpoint electric inc. is Existing or more than 2 years old

PPP Loan Search / MI / BELMONT / Highpoint electric inc.

HIGHPOINT ELECTRIC INC.

Date Approved

04/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

HIGHPOINT ELECTRIC INC.

Borrower Address

8113 BELMONT AVE NE

Borrower City

BELMONT

Borrower State

MI

Borrower Zip

49306-8823

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1227224.00

Current Approval Amount

1227224.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

BELMONT

Project County Name

KENT

Project State

MI

Project Zip

49306-8823

CD

MI-03

Jobs Reported

96

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

4100.00

Payroll Proceed

1004672.00

Mortgage Interest Proceed

0.00

Rent Proceed

62652.00

Refinance EIDL Proceed

0.00

Health Care Proceed

155800.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

1234419.23

Forgiveness Date

11/12/2020

;