PPP Loan information for Ideal electric, inc.

$2,139,900

Ideal electric, inc. was initially approved for PPP Loan of amount $2,139,900, the current approved amount is $2,139,900. The loan was approved on 04/13/2020 by The First Merchants Bank reported 207 jobs and $2,139,900 was used to fund payroll.

Ideal electric, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Livonia / Ideal electric, inc.

IDEAL ELECTRIC, INC.

Date Approved

04/13/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

IDEAL ELECTRIC, INC.

Borrower Address

12856 Farmington Road

Borrower City

Livonia

Borrower State

MI

Borrower Zip

48150-1603

Loan Status Date

07/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2139900.00

Current Approval Amount

2139900.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Livonia

Project County Name

WAYNE

Project State

MI

Project Zip

48150-1603

CD

MI-12

Jobs Reported

207

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

2139900.00

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

Subchapter S Corporation

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2164406.25

Forgiveness Date

06/11/2021

;