Metro Wire & Cable Co.
$562,900 PPP Loan in Sterling Heights, Michigan
Loan Details
- Loan Number
- 2975507306
- Date Approved
- Apr 29, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $562,900
- Current Approval
- $562,900
- Forgiveness Amount
- $567,278
- Forgiveness Date
- Feb 16, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Metro Wire & Cable Co.
- Address
- 6636 Metro Parkway
- City
- Sterling Heights
- State
- Michigan
- ZIP Code
- 48312-1030
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Wholesale Trade (423610)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 44
- Estimated Revenue
- $13.5M
- Rural/Urban
- Urban
- Congressional District
- MI-10
Loan Use Breakdown
- Payroll
- $450,338
- Mortgage Interest
- $112,562
Lender Information
- Servicing Lender
- Comerica Bank
- Originating Lender
- Comerica Bank
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