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Douglas Electric Company

$508,733 PPP Loan in Wyandotte, Michigan

Loan Details

Loan Number
5842948403
Date Approved
Feb 9, 2021
Loan Status
Paid in Full
Initial Approval
$508,733
Current Approval
$508,733
Forgiveness Amount
$510,907
Forgiveness Date
Jul 26, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Douglas Electric Company
Address
759 Grove St
City
Wyandotte
State
Michigan
ZIP Code
48192-6835
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
43
Estimated Revenue
$14.1M
Rural/Urban
Urban
Congressional District
MI-13

Loan Use Breakdown

Payroll
$508,733

Lender Information

Servicing Lender
First Merchants Bank
Originating Lender
First Merchants Bank

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