Marathon Electric Inc.

$26,500 PPP Loan in Goodrich, Michigan

Loan Details

Loan Number
4707327205
Date Approved
Apr 27, 2020
Loan Status
Paid in Full
Initial Approval
$26,500
Current Approval
$16,500
Forgiveness Amount
$16,656
Forgiveness Date
Apr 14, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Marathon Electric Inc.
Address
5100 Hegel Rd
ZIP Code
48438-9678
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
4
Estimated Revenue
<$5M
Rural/Urban
Rural
Congressional District
MI-05

Loan Use Breakdown

Payroll
$15,324
Rent
$500
Utilities
$676

Lender Information

Servicing Lender
Elga Cu
Originating Lender
Elga Cu

Other PPP Loans in Goodrich, MI

BusinessApproved
Burkland INC$1,192,927NewBizBotAI Deep Dive
Burkland Inc.$1,189,205NewBizBotAI Deep Dive
Glitz, Inc.$487,700NewBizBotAI Deep Dive
Glitz INC$486,400NewBizBotAI Deep Dive
Liquid Automation, Inc.$453,370NewBizBotAI Deep Dive

Want to research this company further?

Try NewBizBot free