PPP Loan information for Midwest elctric co.

$55,000

Midwest elctric co. was initially approved for PPP Loan of amount $55,000, the current approved amount is $55,000. The loan was approved on 04/27/2020 by The Sutton Bank reported 4 jobs and $55,000 was used to fund payroll.

Midwest elctric co. is Existing or more than 2 years old

PPP Loan Search / OH / WILLARD / Midwest elctric co.

MIDWEST ELCTRIC CO.

Date Approved

04/27/2020

SBA Office Code

0549

Processing Method

PPP

Borrower Name

MIDWEST ELCTRIC CO.

Borrower Address

3875 STATE ROUTE 103

Borrower City

WILLARD

Borrower State

OH

Borrower Zip

44890-9042

Loan Status Date

02/05/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

55000.00

Current Approval Amount

55000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

53273

Servicing Lender Name

Sutton Bank

Servicing Lender Address

1 S Main St

Servicing Lender City

ATTICA

Servicing Lender State

OH

Servicing Lender Zip

44807-9803

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WILLARD

Project County Name

HURON

Project State

OH

Project Zip

44890-9042

CD

OH-05

Jobs Reported

4

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

2000.00

Payroll Proceed

50000.00

Mortgage Interest Proceed

0.00

Rent Proceed

3000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

53273

Originating Lender

Sutton Bank

Originating Lender City

ATTICA

Originating Lender State

OH

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

55369.18

Forgiveness Date

01/07/2021

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