Date Approved
04/07/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
L&D ELECTRIC, INC.
Borrower Address
1095 MAK TECH DR
Borrower City
LANSING
Borrower State
MI
Borrower Zip
48906-5677
Loan Status Date
04/14/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
1900587.00
Current Approval Amount
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
Servicing Lender Zip
49504-4224
Rural Urban Indicator
U
Hubzone Indicator
Y
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
INGHAM
Project State
Project Zip
CD
MI-07
Jobs Reported
193
NAICS Code
238210
Race
Unanswered
Ethnicity
Not Hispanic or Latino
Utilities Proceed
6906.00
Payroll Proceed
1740793.00
Mortgage Interest Proceed
Rent Proceed
21340.00
Refinance EIDL Proceed
Health Care Proceed
113874.00
Debt Interest Proceed
17674
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
1918863.88
Forgiveness Date
03/31/2021