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C & R Electric, Inc.

$932,500 PPP Loan in Shepherd, Michigan

Loan Details

Loan Number
4857607005
Date Approved
Apr 4, 2020
Loan Status
Paid in Full
Initial Approval
$932,500
Current Approval
$932,500
Forgiveness Amount
$938,529
Forgiveness Date
Dec 2, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
C & R Electric, Inc.
Address
491 E Wright Ave
City
Shepherd
State
Michigan
ZIP Code
48883-9376
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
81
Estimated Revenue
$26.6M
Rural/Urban
Rural
Congressional District
MI-04

Loan Use Breakdown

Payroll
$888,500
Rent
$12,000
Utilities
$5,000
Health Care
$27,000

Lender Information

Servicing Lender
Isabella Bank
Originating Lender
Isabella Bank

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