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Master Electric

$2,000,000 PPP Loan in Gladwin, Michigan

Loan Details

Loan Number
3118998309
Date Approved
Jan 21, 2021
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,021,753
Forgiveness Date
Feb 25, 2022
Term
60 months
Draw
Second Draw

Business Information

Business Name
Master Electric
Address
2350 W M 61
City
Gladwin
State
Michigan
ZIP Code
48624-8401
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
120
Estimated Revenue
$39.5M
Rural/Urban
Rural
Congressional District
MI-02

Loan Use Breakdown

Payroll
$2,000,000

Lender Information

Servicing Lender
Horizon Bank
Originating Lender
Horizon Bank

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