PPP Loan information for Master electric

$2,000,000

Master electric was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/21/2021 by The Horizon Bank reported 120 jobs and $2,000,000 was used to fund payroll.

Master electric is Existing or more than 2 years old

PPP Loan Search / MI / Gladwin / Master electric

MASTER ELECTRIC

Date Approved

01/21/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MASTER ELECTRIC

Borrower Address

2350 W M 61

Borrower City

Gladwin

Borrower State

MI

Borrower Zip

48624-8401

Loan Status Date

03/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

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

Gladwin

Project County Name

GLADWIN

Project State

MI

Project Zip

48624-8401

CD

MI-02

Jobs Reported

120

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2000000.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2021753.42

Forgiveness Date

02/25/2022

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