PPP Loan information for Premium electric company inc

$180,247

Premium electric company inc was initially approved for PPP Loan of amount $180,247, the current approved amount is $180,247. The loan was approved on 04/28/2020 by The The State Bank reported 15 jobs and $180,247 was used to fund payroll.

Premium electric company inc is Existing or more than 2 years old

PPP Loan Search / MI / Ferndale / Premium electric company inc

PREMIUM ELECTRIC COMPANY INC

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PREMIUM ELECTRIC COMPANY INC

Borrower Address

2550 Hilton Road

Borrower City

Ferndale

Borrower State

MI

Borrower Zip

48220-1544

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

180247.00

Current Approval Amount

180247.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34774

Servicing Lender Name

The State Bank

Servicing Lender Address

101 N Leroy St

Servicing Lender City

FENTON

Servicing Lender State

MI

Servicing Lender Zip

48430-3804

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Ferndale

Project County Name

OAKLAND

Project State

MI

Project Zip

48220-1544

CD

MI-11

Jobs Reported

15

NAICS Code

221122

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

176036.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

4211.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

34774

Originating Lender

The State Bank

Originating Lender City

FENTON

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

181590.21

Forgiveness Date

02/02/2021

;