PPP Loan information for Morrison electric inc.

$61,558

Morrison electric inc. was initially approved for PPP Loan of amount $61,558, the current approved amount is $61,558. The loan was approved on 04/29/2020 by The Alden State Bank reported 7 jobs and $61,558 was used to fund payroll.

Morrison electric inc. is Existing or more than 2 years old

PPP Loan Search / MI / RAPID CITY / Morrison electric inc.

MORRISON ELECTRIC INC.

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MORRISON ELECTRIC INC.

Borrower Address

7122 RAPID CITY RD

Borrower City

RAPID CITY

Borrower State

MI

Borrower Zip

49676-8419

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

61557.75

Current Approval Amount

61557.75

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33523

Servicing Lender Name

Alden State Bank

Servicing Lender Address

10564 Coy St

Servicing Lender City

ALDEN

Servicing Lender State

MI

Servicing Lender Zip

49612

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

RAPID CITY

Project County Name

KALKASKA

Project State

MI

Project Zip

49676-8419

CD

MI-01

Jobs Reported

7

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

61557.75

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

33523

Originating Lender

Alden State Bank

Originating Lender City

ALDEN

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

62210.95

Forgiveness Date

05/24/2021

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