Diversified Wire & Cable

$939,000 PPP Loan in Sterling Heights, Michigan

Loan Details

Loan Number
5344608305
Date Approved
Jan 25, 2021
Loan Status
Paid in Full
Initial Approval
$939,000
Current Approval
$939,000
Forgiveness Amount
$944,165
Forgiveness Date
Aug 20, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Diversified Wire & Cable
Address
42600 Mound Rd
ZIP Code
48314-3252
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (423610)
Business Age
Existing or more than 2 years old
Jobs Reported
62
Estimated Revenue
$19.0M
Rural/Urban
Urban
Congressional District
MI-10

Loan Use Breakdown

Payroll
$938,998
Utilities
$1

Lender Information

Servicing Lender
Nicolet National Bank
Originating Lender
Nicolet National Bank

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