PPP Loan information for Mid state electric inc

$272,200

Mid state electric inc was initially approved for PPP Loan of amount $272,200, the current approved amount is $272,200. The loan was approved on 02/11/2021 by The Isabella Bank reported 20 jobs and $272,200 was used to fund payroll.

Mid state electric inc is Existing or more than 2 years old

PPP Loan Search / MI / Mount Pleasant / Mid state electric inc

MID STATE ELECTRIC INC

Date Approved

02/11/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MID STATE ELECTRIC INC

Borrower Address

5976 Venture Way

Borrower City

Mount Pleasant

Borrower State

MI

Borrower Zip

48858-4731

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

272200.00

Current Approval Amount

272200.00

Undisbursed Amount

0.00

Franchise Name

Mr. Electric

Servicing Lender Location Id

36147

Servicing Lender Name

Isabella Bank

Servicing Lender Address

139 E Broadway

Servicing Lender City

MOUNT PLEASANT

Servicing Lender State

MI

Servicing Lender Zip

48858-2312

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Mount Pleasant

Project County Name

ISABELLA

Project State

MI

Project Zip

48858-4731

CD

MI-02

Jobs Reported

20

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

272197.00

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

36147

Originating Lender

Isabella Bank

Originating Lender City

MOUNT PLEASANT

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

275585.72

Forgiveness Date

05/18/2022

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