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Block Electric

$326,800 PPP Loan in Weidman, Michigan

Loan Details

Loan Number
4439327110
Date Approved
Apr 13, 2020
Loan Status
Paid in Full
Initial Approval
$326,800
Current Approval
$326,800
Forgiveness Amount
$328,698
Forgiveness Date
Nov 19, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Block Electric
Address
2580 N Johnson Rd
City
Weidman
State
Michigan
ZIP Code
48893-8782
Business Type
Subchapter S Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
22
Estimated Revenue
$7.2M
Rural/Urban
Rural
Congressional District
MI-02

Loan Use Breakdown

Payroll
$301,200
Rent
$25,000
Utilities
$600

Lender Information

Servicing Lender
Isabella Bank
Originating Lender
Isabella Bank

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