PPP Loan information for Linear electric, inc.

$122,500

Linear electric, inc. was initially approved for PPP Loan of amount $122,500, the current approved amount is $122,500. The loan was approved on 04/29/2020 by The Horizon Bank reported 12 jobs and $122,500 was used to fund payroll.

Linear electric, inc. is Unanswered

PPP Loan Search / MI / BENTON HARBOR / Linear electric, inc.

LINEAR ELECTRIC, INC.

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LINEAR ELECTRIC, INC.

Borrower Address

790 Nickerson Ave.

Borrower City

BENTON HARBOR

Borrower State

MI

Borrower Zip

49022

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

122500.00

Current Approval Amount

122500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23955

Servicing Lender Name

Horizon Bank

Servicing Lender Address

515 Franklin Sq

Servicing Lender City

MICHIGAN CITY

Servicing Lender State

IN

Servicing Lender Zip

46360-3328

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Unanswered

Project City

BENTON HARBOR

Project County Name

BERRIEN

Project State

MI

Project Zip

49022-0389

CD

MI-06

Jobs Reported

12

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

6125.00

Payroll Proceed

98000.00

Mortgage Interest Proceed

6125.00

Rent Proceed

6125.00

Refinance EIDL Proceed

0.00

Health Care Proceed

6125.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

123859.25

Forgiveness Date

06/15/2021

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