PPP Loan information for United electrical contractors, inc.

$2,037,426

United electrical contractors, inc. was initially approved for PPP Loan of amount $2,037,426, the current approved amount is $2,037,426. The loan was approved on 04/08/2020 by The Mercantile Bank reported 168 jobs and $2,037,426 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

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

UNITED ELECTRICAL CONTRACTORS, INC.

Borrower Address

1314 N Larch Street

Borrower City

LANSING

Borrower State

MI

Borrower Zip

48906-4422

Loan Status Date

07/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2037426.00

Current Approval Amount

2037426.00

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

10132.00

Payroll Proceed

1909153.00

Mortgage Interest Proceed

0.00

Rent Proceed

33164.00

Refinance EIDL Proceed

0.00

Health Care Proceed

83837.00

Debt Interest Proceed

1140

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

2060814.53

Forgiveness Date

06/09/2021

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