PPP Loan information for Hoover electric inc

$452,552

Hoover electric inc was initially approved for PPP Loan of amount $452,552, the current approved amount is $452,552. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 34 jobs and $452,552 was used to fund payroll.

Hoover electric inc is Existing or more than 2 years old

PPP Loan Search / MI / DETROIT / Hoover electric inc

HOOVER ELECTRIC INC

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

HOOVER ELECTRIC INC

Borrower Address

2123 W 8 MILE RD

Borrower City

DETROIT

Borrower State

MI

Borrower Zip

48203

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

452552.00

Current Approval Amount

452552.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

DETROIT

Project County Name

WAYNE

Project State

MI

Project Zip

48203-0001

CD

MI-13

Jobs Reported

34

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

24120.00

Payroll Proceed

357643.00

Mortgage Interest Proceed

2500.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

18972.00

Debt Interest Proceed

39317

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

457455.15

Forgiveness Date

06/04/2021

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