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Highpoint Electric Inc.

$1,227,224 PPP Loan in Belmont, Michigan

Loan Details

Loan Number
5758927006
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$1,227,224
Current Approval
$1,227,224
Forgiveness Amount
$1,234,419
Forgiveness Date
Nov 12, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Highpoint Electric Inc.
Address
8113 Belmont Ave NE
City
Belmont
State
Michigan
ZIP Code
49306-8823
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
96
Estimated Revenue
$31.6M
Rural/Urban
Urban
Congressional District
MI-03

Loan Use Breakdown

Payroll
$1,004,672
Rent
$62,652
Utilities
$4,100
Health Care
$155,800

Lender Information

Servicing Lender
Mercantile Bank
Originating Lender
Mercantile Bank

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