PPP Loan information for Marathon electric inc.

$16,500

Marathon electric inc. was initially approved for PPP Loan of amount $26,500, the current approved amount is $16,500. The loan was approved on 04/27/2020 by The ELGA CU reported 4 jobs and $16,500 was used to fund payroll.

Marathon electric inc. is Existing or more than 2 years old

PPP Loan Search / MI / Goodrich / Marathon electric inc.

MARATHON ELECTRIC INC.

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MARATHON ELECTRIC INC.

Borrower Address

5100 Hegel Rd

Borrower City

Goodrich

Borrower State

MI

Borrower Zip

48438-9678

Loan Status Date

05/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

26500.00

Current Approval Amount

16500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98882

Servicing Lender Name

ELGA CU

Servicing Lender Address

6065 Grand Pointe Blvd

Servicing Lender City

GRAND BLANC

Servicing Lender State

MI

Servicing Lender Zip

48439

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Goodrich

Project County Name

LAPEER

Project State

MI

Project Zip

48438-9678

CD

MI-05

Jobs Reported

4

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

676.00

Payroll Proceed

15324.00

Mortgage Interest Proceed

0.00

Rent Proceed

500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

98882

Originating Lender

ELGA CU

Originating Lender City

GRAND BLANC

Originating Lender State

MI

Gender

Unanswered

Veteran

Veteran

Non Profit

Forgiveness Amount

16656.29

Forgiveness Date

04/14/2021

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