PPP Loan information for State electric company

$384,600

State electric company was initially approved for PPP Loan of amount $384,600, the current approved amount is $384,600. The loan was approved on 01/19/2021 by The Oxford Bank reported 40 jobs and $384,600 was used to fund payroll.

State electric company is Existing or more than 2 years old

PPP Loan Search / MI / Holly / State electric company

STATE ELECTRIC COMPANY

Date Approved

01/19/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

STATE ELECTRIC COMPANY

Borrower Address

7194 Big Sky Dr

Borrower City

Holly

Borrower State

MI

Borrower Zip

48442-9776

Loan Status Date

02/04/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

384600.00

Current Approval Amount

384600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36206

Servicing Lender Name

Oxford Bank

Servicing Lender Address

60 S Washington St

Servicing Lender City

OXFORD

Servicing Lender State

MI

Servicing Lender Zip

48371-4972

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Holly

Project County Name

OAKLAND

Project State

MI

Project Zip

48442-9776

CD

MI-08

Jobs Reported

40

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

384599.00

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

36206

Originating Lender

Oxford Bank

Originating Lender City

OXFORD

Originating Lender State

MI

Gender

Female Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

388264.38

Forgiveness Date

01/04/2022

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