PPP Loan information for Swanson electrical services inc.

$236,065

Swanson electrical services inc. was initially approved for PPP Loan of amount $236,065, the current approved amount is $236,065. The loan was approved on 03/27/2021 by The Lake Michigan CU reported 20 jobs and $236,065 was used to fund payroll.

Swanson electrical services inc. is Existing or more than 2 years old

PPP Loan Search / MI / Sparta / Swanson electrical services inc.

SWANSON ELECTRICAL SERVICES INC.

Date Approved

03/27/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

SWANSON ELECTRICAL SERVICES INC.

Borrower Address

1511 10 Mile Rd NW

Borrower City

Sparta

Borrower State

MI

Borrower Zip

49345-9412

Loan Status Date

12/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

236065.00

Current Approval Amount

236065.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98993

Servicing Lender Name

Lake Michigan CU

Servicing Lender Address

5540 Glenwood Hills Pkwy SE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49512-2044

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Sparta

Project County Name

KENT

Project State

MI

Project Zip

49345-9412

CD

MI-03

Jobs Reported

20

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

236061.00

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

Subchapter S Corporation

Originating Lender Location Id

98993

Originating Lender

Lake Michigan CU

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

237638.77

Forgiveness Date

11/26/2021

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