PPP Loan information for Michel electric llc

$2,000,000

Michel electric llc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/26/2021 by The City National Bank of West Virginia reported 261 jobs and $2,000,000 was used to fund payroll.

Michel electric llc is Existing or more than 2 years old

PPP Loan Search / KY / Danville / Michel electric llc

MICHEL ELECTRIC LLC

Date Approved

01/26/2021

SBA Office Code

0457

Processing Method

PPS

Borrower Name

MICHEL ELECTRIC LLC

Borrower Address

305 W Main St

Borrower City

Danville

Borrower State

KY

Borrower Zip

40422-1813

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

74995

Servicing Lender Name

City National Bank of West Virginia

Servicing Lender Address

3601 MacCorkle Ave SE

Servicing Lender City

Charleston

Servicing Lender State

WV

Servicing Lender Zip

25304

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Danville

Project County Name

BOYLE

Project State

KY

Project Zip

40422-1813

CD

KY-01

Jobs Reported

261

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999998.00

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

74995

Originating Lender

City National Bank of West Virginia

Originating Lender City

Charleston

Originating Lender State

WV

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

1864773.44

Forgiveness Date

01/20/2023

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