PPP Loan information for Valley electrical contractors, inc.

$1,517,677

Valley electrical contractors, inc. was initially approved for PPP Loan of amount $1,517,677, the current approved amount is $1,517,677. The loan was approved on 01/16/2021 by The 1st State Bank reported 147 jobs and $1,517,677 was used to fund payroll.

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

PPP Loan Search / MI / Midland / Valley electrical contractors, inc.

VALLEY ELECTRICAL CONTRACTORS, INC.

Date Approved

01/16/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

VALLEY ELECTRICAL CONTRACTORS, INC.

Borrower Address

3079 E Commercial Dr

Borrower City

Midland

Borrower State

MI

Borrower Zip

48642-7840

Loan Status Date

08/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1517677.00

Current Approval Amount

1517677.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378002

Servicing Lender Name

1st State Bank

Servicing Lender Address

4800 Fashion Square Blvd, Ste 100

Servicing Lender City

SAGINAW

Servicing Lender State

MI

Servicing Lender Zip

48604-2619

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Midland

Project County Name

MIDLAND

Project State

MI

Project Zip

48642-7840

CD

MI-04

Jobs Reported

147

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1517674.00

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

378002

Originating Lender

1st State Bank

Originating Lender City

SAGINAW

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1525012.44

Forgiveness Date

07/16/2021

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