PPP Loan information for Roy electric company inc

$89,500

Roy electric company inc was initially approved for PPP Loan of amount $89,500, the current approved amount is $89,500. The loan was approved on 04/03/2020 by The Old Mission Bank reported 7 jobs and $89,500 was used to fund payroll.

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

PPP Loan Search / MI / SAULT SAINTE MARIE / Roy electric company inc

ROY ELECTRIC COMPANY INC

Date Approved

04/03/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ROY ELECTRIC COMPANY INC

Borrower Address

2901 ASHMUN ST

Borrower City

SAULT SAINTE MARIE

Borrower State

MI

Borrower Zip

49783-3739

Loan Status Date

01/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

89500.00

Current Approval Amount

89500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

124185

Servicing Lender Name

Old Mission Bank

Servicing Lender Address

2701 I-75 Business Spur

Servicing Lender City

SAULT SAINTE MARIE

Servicing Lender State

MI

Servicing Lender Zip

49783

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

SAULT SAINTE MARIE

Project County Name

CHIPPEWA

Project State

MI

Project Zip

49783-3739

CD

MI-01

Jobs Reported

7

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

11187.50

Payroll Proceed

67125.00

Mortgage Interest Proceed

11187.50

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

124185

Originating Lender

Old Mission Bank

Originating Lender City

SAULT SAINTE MARIE

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

90064.35

Forgiveness Date

11/20/2020

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