PPP Loan information for Hobson electric co inc

$42,101

Hobson electric co inc was initially approved for PPP Loan of amount $42,101, the current approved amount is $42,101. The loan was approved on 06/23/2020 by The 4Front Credit Union reported 6 jobs and $42,101 was used to fund payroll.

Hobson electric co inc is Existing or more than 2 years old

PPP Loan Search / MI / Onaway / Hobson electric co inc

HOBSON ELECTRIC CO INC

Date Approved

06/23/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

HOBSON ELECTRIC CO INC

Borrower Address

21151 Woodland trl

Borrower City

Onaway

Borrower State

MI

Borrower Zip

49765

Loan Status Date

07/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

42101.00

Current Approval Amount

42101.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98980

Servicing Lender Name

4Front Credit Union

Servicing Lender Address

101 N Park St

Servicing Lender City

Traverse City

Servicing Lender State

MI

Servicing Lender Zip

49684

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Onaway

Project County Name

PRESQUE ISLE

Project State

MI

Project Zip

49765-0001

CD

MI-01

Jobs Reported

6

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

42101.00

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

98980

Originating Lender

4Front Credit Union

Originating Lender City

Traverse City

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

42523.18

Forgiveness Date

06/22/2021

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