PPP Loan information for Michaels energy inc

$725,825

Michaels energy inc was initially approved for PPP Loan of amount $725,825, the current approved amount is $725,825. The loan was approved on 01/29/2021 by The State Bank Financial reported 33 jobs and $725,825 was used to fund payroll.

Michaels energy inc is Existing or more than 2 years old

MICHAELS ENERGY INC

Date Approved

01/29/2021

SBA Office Code

0563

Processing Method

PPS

Borrower Name

MICHAELS ENERGY INC

Borrower Address

400 Main St Ste 200

Borrower City

La Crosse

Borrower State

WI

Borrower Zip

54601-3223

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

725825.00

Current Approval Amount

725825.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122709

Servicing Lender Name

State Bank Financial

Servicing Lender Address

401 Main St

Servicing Lender City

LA CROSSE

Servicing Lender State

WI

Servicing Lender Zip

54601-9207

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

La Crosse

Project County Name

LA CROSSE

Project State

WI

Project Zip

54601-3223

CD

WI-03

Jobs Reported

33

NAICS Code

541330

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

725823.00

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

122709

Originating Lender

State Bank Financial

Originating Lender City

LA CROSSE

Originating Lender State

WI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

729225.44

Forgiveness Date

07/26/2021

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