PPP Loan information for Oak electric service, inc.

$650,000

Oak electric service, inc. was initially approved for PPP Loan of amount $650,000, the current approved amount is $650,000. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 500 jobs and $650,000 was used to fund payroll.

Oak electric service, inc. is Existing or more than 2 years old

PPP Loan Search / MI / WATERFORD / Oak electric service, inc.

OAK ELECTRIC SERVICE, INC.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

OAK ELECTRIC SERVICE, INC.

Borrower Address

5492 DIXIE HWY

Borrower City

WATERFORD

Borrower State

MI

Borrower Zip

48329

Loan Status Date

06/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

650000.00

Current Approval Amount

650000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

WATERFORD

Project County Name

OAKLAND

Project State

MI

Project Zip

48329-0899

CD

MI-11

Jobs Reported

500

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2000.00

Payroll Proceed

573000.00

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

55000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

656794.67

Forgiveness Date

05/21/2021

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