Mutual Electric Co

$498,415 PPP Loan in Brighton, Michigan

Loan Details

Loan Number
5461597710
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$498,415
Current Approval
$498,415
Forgiveness Amount
$379,588
Forgiveness Date
Aug 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Mutual Electric Co
Address
1260 Rickett Rd
ZIP Code
48116-1833
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
New Business or 2 years or less
Jobs Reported
15
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MI-07

Loan Use Breakdown

Payroll
$498,415

Lender Information

Servicing Lender
Bank of America, National Association
Originating Lender
Bank of America, National Association

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