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 01/22/2021 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

01/22/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MORRISON ELECTRIC INC.

Borrower Address

6323 Rapid City Road

Borrower City

Rapid City

Borrower State

MI

Borrower Zip

49676

Loan Status Date

02/23/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

61557.78

Current Approval Amount

61557.78

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

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Rapid City

Project County Name

ANTRIM

Project State

MI

Project Zip

49676

CD

MI-01

Jobs Reported

7

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

61556.78

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

61802.30

Forgiveness Date

06/15/2021

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