PPP Loan information for Mutual electric co

$498,415

Mutual electric co was initially approved for PPP Loan of amount $498,415, the current approved amount is $498,415. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 15 jobs and $498,415 was used to fund payroll.

Mutual electric co is New Business or 2 years or less

PPP Loan Search / MI / BRIGHTON / Mutual electric co

MUTUAL ELECTRIC CO

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MUTUAL ELECTRIC CO

Borrower Address

1260 RICKETT RD

Borrower City

BRIGHTON

Borrower State

MI

Borrower Zip

48116-1833

Loan Status Date

09/28/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

498415.00

Current Approval Amount

498415.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

BRIGHTON

Project County Name

LIVINGSTON

Project State

MI

Project Zip

48116-1833

CD

MI-07

Jobs Reported

15

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

498415.00

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

Corporation

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

379588.39

Forgiveness Date

08/23/2021

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