Tech Electric Co LLC

$210,000 PPP Loan in Macomb, Michigan

Loan Details

Loan Number
3052897706
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$210,000
Current Approval
$200,000
Forgiveness Amount
$201,731
Forgiveness Date
Mar 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Tech Electric Co LLC
Address
16177 Leone Dr
City
Macomb
ZIP Code
48042
Business Type
Partnership
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
180
Estimated Revenue
$59.2M
Rural/Urban
Urban
Congressional District
MI-09

Loan Use Breakdown

Payroll
$155,000
Rent
$10,000
Utilities
$5,000
Health Care
$10,000
Mortgage Interest
$10,000
Debt Interest
$10,000

Lender Information

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

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