PPP Loan information for In-line electric & control inc.

$540,600

In-line electric & control inc. was initially approved for PPP Loan of amount $540,600, the current approved amount is $540,600. The loan was approved on 04/09/2020 by The West Michigan Community Bank reported 24 jobs and $540,600 was used to fund payroll.

In-line electric & control inc. is Existing or more than 2 years old

PPP Loan Search / MI / HOLLAND / In-line electric & control inc.

IN-LINE ELECTRIC & CONTROL INC.

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

IN-LINE ELECTRIC & CONTROL INC.

Borrower Address

10787 Paw Paw Dr.

Borrower City

HOLLAND

Borrower State

MI

Borrower Zip

49424-9615

Loan Status Date

02/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

540600.00

Current Approval Amount

540600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35340

Servicing Lender Name

West Michigan Community Bank

Servicing Lender Address

3467 Kelly St

Servicing Lender City

HUDSONVILLE

Servicing Lender State

MI

Servicing Lender Zip

49426-1435

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

HOLLAND

Project County Name

OTTAWA

Project State

MI

Project Zip

49424-9615

CD

MI-02

Jobs Reported

24

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

540600.00

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

Corporation

Originating Lender Location Id

35340

Originating Lender

West Michigan Community Bank

Originating Lender City

HUDSONVILLE

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

544894.77

Forgiveness Date

01/26/2021

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