Medler Electric Company Employee Stock Ownership Plan and Tr
$1,146,262 PPP Loan in Alma, Michigan
Loan Details
- Loan Number
- 2269538303
- Date Approved
- Jan 20, 2021
- Loan Status
- Paid in Full
- Initial Approval
- $1,146,262
- Current Approval
- $1,146,262
- Forgiveness Amount
- $1,153,925
- Forgiveness Date
- Sep 23, 2021
- Term
- 60 months
- Draw
- Second Draw
Business Information
- Business Name
- Medler Electric Company Employee Stock Ownership Plan and Tr
- Address
- 2155 Redman Dr
- City
- Alma
- State
- Michigan
- ZIP Code
- 48801-9313
- Business Type
- Employee Stock Ownership Plan(esop)
- Industry (NAICS)
- Wholesale Trade (423610)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 113
- Estimated Revenue
- $34.6M
- Rural/Urban
- Rural
- Congressional District
- MI-02
Loan Use Breakdown
- Payroll
- $1,146,262
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
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