PPP Loan information for Tel-50 inc.

$21,270

Tel-50 inc. was initially approved for PPP Loan of amount $21,270, the current approved amount is $21,270. The loan was approved on 04/28/2020 by The First Merchants Bank reported 31 jobs and $21,270 was used to fund payroll.

Tel-50 inc. is Existing or more than 2 years old

PPP Loan Search / MI / Monroe / Tel-50 inc.

TEL-50 INC.

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

TEL-50 INC.

Borrower Address

504 S Telegraph Rd

Borrower City

Monroe

Borrower State

MI

Borrower Zip

48193-7614

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

21270.00

Current Approval Amount

21270.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

Monroe

Project County Name

WAYNE

Project State

MI

Project Zip

48193-7614

CD

MI-06

Jobs Reported

31

NAICS Code

447190

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

21270.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

21500.18

Forgiveness Date

06/04/2021

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