PPP Loan information for Linear electric inc

$156,735

Linear electric inc was initially approved for PPP Loan of amount $156,735, the current approved amount is $156,735. The loan was approved on 01/28/2021 by The Horizon Bank reported 14 jobs and $156,735 was used to fund payroll.

Linear electric inc is Existing or more than 2 years old

PPP Loan Search / MI / Benton Harbor / Linear electric inc

LINEAR ELECTRIC INC

Date Approved

01/28/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

LINEAR ELECTRIC INC

Borrower Address

790 Nickerson Ave

Borrower City

Benton Harbor

Borrower State

MI

Borrower Zip

49022-6320

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

156735.00

Current Approval Amount

156735.00

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

Existing or more than 2 years old

Project City

Benton Harbor

Project County Name

BERRIEN

Project State

MI

Project Zip

49022-6320

CD

MI-06

Jobs Reported

14

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

156730.00

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

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

157744.12

Forgiveness Date

09/22/2021

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