PPP Loan information for Midwest electric inc

$703,655

Midwest electric inc was initially approved for PPP Loan of amount $571,700, the current approved amount is $703,655. The loan was approved on 04/07/2020 by The First Bank Richmond reported 28 jobs and $703,655 was used to fund payroll.

Midwest electric inc is Existing or more than 2 years old

MIDWEST ELECTRIC INC

Date Approved

04/07/2020

SBA Office Code

0593

Processing Method

PPP

Borrower Name

MIDWEST ELECTRIC INC

Borrower Address

06029 COUNTY ROAD 33A

Borrower City

SAINT MARYS

Borrower State

OH

Borrower Zip

45885-9762

Loan Status Date

03/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

571700.00

Current Approval Amount

703655.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79589

Servicing Lender Name

First Bank Richmond

Servicing Lender Address

20 N 9th St

Servicing Lender City

RICHMOND

Servicing Lender State

IN

Servicing Lender Zip

47374-3170

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAINT MARYS

Project County Name

AUGLAIZE

Project State

OH

Project Zip

45885-9762

CD

OH-04

Jobs Reported

28

NAICS Code

221122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9000.00

Payroll Proceed

453655.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

107200.00

Debt Interest Proceed

133800

Business Type

Cooperative

Originating Lender Location Id

79589

Originating Lender

First Bank Richmond

Originating Lender City

RICHMOND

Originating Lender State

IN

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

710055.37

Forgiveness Date

03/12/2021

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