PPP Loan information for Highpoint electric inc.

$1,343,578

Highpoint electric inc. was initially approved for PPP Loan of amount $1,343,578, the current approved amount is $1,343,578. The loan was approved on 01/21/2021 by The Mercantile Bank reported 67 jobs and $1,343,578 was used to fund payroll.

Highpoint electric inc. is Existing or more than 2 years old

PPP Loan Search / MI / Belmont / Highpoint electric inc.

HIGHPOINT ELECTRIC INC.

Date Approved

01/21/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

HIGHPOINT ELECTRIC INC.

Borrower Address

8113 Belmont Ave NE

Borrower City

Belmont

Borrower State

MI

Borrower Zip

49306-8883

Loan Status Date

10/14/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1343577.80

Current Approval Amount

1343577.80

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Belmont

Project County Name

KENT

Project State

MI

Project Zip

49306-8883

CD

MI-03

Jobs Reported

67

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1343577.80

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

Veteran

Non Profit

Forgiveness Amount

1351712.89

Forgiveness Date

09/01/2021

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