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Madison Electric Company

$2,262,100 PPP Loan in Warren, Michigan

Loan Details

Loan Number
2736137305
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$2,262,100
Current Approval
$2,262,100
Forgiveness Amount
$2,295,592
Forgiveness Date
Oct 27, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Madison Electric Company
Address
31855 Van Dyke Avenue
City
Warren
State
Michigan
ZIP Code
48093-1047
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423610)
Business Age
Existing or more than 2 years old
Jobs Reported
149
Estimated Revenue
$45.6M
Rural/Urban
Urban
Congressional District
MI-10

Loan Use Breakdown

Payroll
$2,262,100

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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