PPP Loan information for Mutual electric co

$247,832

Mutual electric co was initially approved for PPP Loan of amount $247,832, the current approved amount is $247,832. The loan was approved on 02/17/2021 by The Bank of America, National Association reported 13 jobs and $247,832 was used to fund payroll.

Mutual electric co is Existing or more than 2 years old

PPP Loan Search / MI / Brighton / Mutual electric co

MUTUAL ELECTRIC CO

Date Approved

02/17/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MUTUAL ELECTRIC CO

Borrower Address

1260 Rickett Rd

Borrower City

Brighton

Borrower State

MI

Borrower Zip

48116-1833

Loan Status Date

08/13/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

247832.00

Current Approval Amount

247832.00

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

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Brighton

Project County Name

LIVINGSTON

Project State

MI

Project Zip

48116-1833

CD

MI-07

Jobs Reported

13

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

247828.00

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

253304.67

Forgiveness Date

05/08/2023

;