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Electrical Power & Design INC

$491,248 PPP Loan in Redford, Michigan

Loan Details

Loan Number
5693038309
Date Approved
Jan 25, 2021
Loan Status
Paid in Full
Initial Approval
$491,248
Current Approval
$491,248
Forgiveness Amount
$493,226
Forgiveness Date
Jun 23, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Electrical Power & Design INC
Address
18840 Woodworth
City
Redford
State
Michigan
ZIP Code
48240-1957
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
24
Estimated Revenue
$7.9M
Rural/Urban
Urban
Congressional District
MI-12

Loan Use Breakdown

Payroll
$491,243
Utilities
$1

Lender Information

Servicing Lender
First Merchants Bank
Originating Lender
First Merchants Bank

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