PPP Loan information for Morden electric, inc.

$100,000

Morden electric, inc. was initially approved for PPP Loan of amount $100,000, the current approved amount is $100,000. The loan was approved on 05/13/2020 by The Macatawa Bank reported 14 jobs and $100,000 was used to fund payroll.

Morden electric, inc. is Existing or more than 2 years old

PPP Loan Search / MI / SPRING LAKE / Morden electric, inc.

MORDEN ELECTRIC, INC.

Date Approved

05/13/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MORDEN ELECTRIC, INC.

Borrower Address

19088 174TH AVE

Borrower City

SPRING LAKE

Borrower State

MI

Borrower Zip

49456-8707

Loan Status Date

03/04/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

100000.00

Current Approval Amount

100000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122493

Servicing Lender Name

Macatawa Bank

Servicing Lender Address

10753 Macatawa Dr

Servicing Lender City

HOLLAND

Servicing Lender State

MI

Servicing Lender Zip

49424-9572

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SPRING LAKE

Project County Name

OTTAWA

Project State

MI

Project Zip

49456-8707

CD

MI-02

Jobs Reported

14

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

100000.00

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

122493

Originating Lender

Macatawa Bank

Originating Lender City

HOLLAND

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

100728.77

Forgiveness Date

02/11/2021

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