Standard Electric Company
$4,656,900 PPP Loan in Saginaw, Michigan
Loan Details
- Loan Number
- 1325257100
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $4,656,900
- Current Approval
- $4,656,900
- Forgiveness Amount
- $4,719,398
- Forgiveness Date
- Aug 17, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Standard Electric Company
- Address
- 2650 Trautner Dr. 0.0
- City
- Saginaw
- State
- Michigan
- ZIP Code
- 48064-9599
- Business Type
- Corporation
- Industry (NAICS)
- Wholesale Trade (423610)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 363
- Estimated Revenue
- $111.2M
- Rural/Urban
- Urban
- Congressional District
- MI-09
Loan Use Breakdown
- Payroll
- $3,693,792
- Rent
- $412,177
- Utilities
- $121,831
- Health Care
- $429,100
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
Other PPP Loans in Saginaw, MI
| Business | Approved | |
|---|---|---|
| Morley Companies, Incorporated | $10,000,000 |  Research |
| Duro-Last INC | $8,930,292 | Research |
| Merrill Fabricators INC | $5,886,000 | Research |
| Saginaw Cooperative Hospitals INC | $5,049,500 | Research |
| Spicer Group, Inc. | $3,546,200 | Research |
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