PPP Loan information for Master electric, inc.

$2,211,900

Master electric, inc. was initially approved for PPP Loan of amount $2,211,900, the current approved amount is $2,211,900. The loan was approved on 04/07/2020 by The Horizon Bank reported 39 jobs and $2,211,900 was used to fund payroll.

Master electric, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GLADWIN / Master electric, inc.

MASTER ELECTRIC, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MASTER ELECTRIC, INC.

Borrower Address

2350 West M-61

Borrower City

GLADWIN

Borrower State

MI

Borrower Zip

48624

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2211900.00

Current Approval Amount

2211900.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

GLADWIN

Project County Name

GLADWIN

Project State

MI

Project Zip

48624-0001

CD

MI-04

Jobs Reported

39

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

147460.00

Payroll Proceed

1769520.00

Mortgage Interest Proceed

147460.00

Rent Proceed

147460.00

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

2237412.60

Forgiveness Date

06/11/2021

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