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Oak Electric Service, Inc.

$650,000 PPP Loan in Waterford, Michigan

Loan Details

Loan Number
1136877709
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$650,000
Current Approval
$650,000
Forgiveness Amount
$656,795
Forgiveness Date
May 21, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Oak Electric Service, Inc.
Address
5492 Dixie Hwy
City
Waterford
State
Michigan
ZIP Code
48329
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
500
Estimated Revenue
$164.5M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$573,000
Rent
$20,000
Utilities
$2,000
Health Care
$55,000

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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