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State Electric Company, Inc.

$384,600 PPP Loan in Holly, Michigan

Loan Details

Loan Number
5775967009
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$384,600
Current Approval
$384,600
Forgiveness Amount
$389,151
Forgiveness Date
Jun 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
State Electric Company, Inc.
Address
7194 Big Sky Dr
City
Holly
State
Michigan
ZIP Code
48442-9775
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$13.2M
Rural/Urban
Urban
Congressional District
MI-08

Loan Use Breakdown

Payroll
$356,578
Utilities
$1,622
Health Care
$17,400
Mortgage Interest
$9,000

Lender Information

Servicing Lender
Oxford Bank
Originating Lender
Oxford Bank

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