PPP Loan information for United electrical contractors inc.

$2,000,000

United electrical contractors inc. was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/21/2021 by The Mercantile Bank reported 168 jobs and $2,000,000 was used to fund payroll.

United electrical contractors inc. is Existing or more than 2 years old

PPP Loan Search / MI / Lansing / United electrical contractors inc.

UNITED ELECTRICAL CONTRACTORS INC.

Date Approved

01/21/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

UNITED ELECTRICAL CONTRACTORS INC.

Borrower Address

1314 N Larch St

Borrower City

Lansing

Borrower State

MI

Borrower Zip

48906-4422

Loan Status Date

09/15/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lansing

Project County Name

INGHAM

Project State

MI

Project Zip

48906-4422

CD

MI-07

Jobs Reported

168

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999996.00

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

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

2010575.34

Forgiveness Date

08/04/2021

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