PPP Loan information for Modern electric of mi inc

$26,000

Modern electric of mi inc was initially approved for PPP Loan of amount $26,000, the current approved amount is $26,000. The loan was approved on 04/15/2020 by The Homestead Savings Bank reported 3 jobs and $26,000 was used to fund payroll.

Modern electric of mi inc is Existing or more than 2 years old

PPP Loan Search / MI / SPRINGPORT / Modern electric of mi inc

MODERN ELECTRIC OF MI INC

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MODERN ELECTRIC OF MI INC

Borrower Address

12755 Springport Road

Borrower City

SPRINGPORT

Borrower State

MI

Borrower Zip

49284

Loan Status Date

10/21/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

26000.00

Current Approval Amount

26000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79922

Servicing Lender Name

Homestead Savings Bank

Servicing Lender Address

415 S Superior St

Servicing Lender City

ALBION

Servicing Lender State

MI

Servicing Lender Zip

49224-2174

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPRINGPORT

Project County Name

JACKSON

Project State

MI

Project Zip

49284-0001

CD

MI-07

Jobs Reported

3

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

26000.00

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

Subchapter S Corporation

Originating Lender Location Id

79922

Originating Lender

Homestead Savings Bank

Originating Lender City

ALBION

Originating Lender State

MI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

26118.96

Forgiveness Date

10/09/2020

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