PPP Loan information for Morden electric inc.

$124,000

Morden electric inc. was initially approved for PPP Loan of amount $124,000, the current approved amount is $124,000. The loan was approved on 02/17/2021 by The Macatawa Bank reported 15 jobs and $124,000 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

02/17/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MORDEN ELECTRIC INC.

Borrower Address

19088 174th Ave

Borrower City

Spring Lake

Borrower State

MI

Borrower Zip

49456-8707

Loan Status Date

12/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

124000.00

Current Approval Amount

124000.00

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

15

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

123997.00

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

124835.73

Forgiveness Date

11/03/2021

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