R & B Electronics INC

$437,905 PPP Loan in Sault Sainte Marie, Michigan

Loan Details

Loan Number
5967187103
Date Approved
Apr 14, 2020
Loan Status
Paid in Full
Initial Approval
$437,905
Current Approval
$437,905
Forgiveness Amount
$441,311
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
R & B Electronics INC
Address
1520 Industrial Park Dr
ZIP Code
49783-1474
Business Type
Corporation
Industry (NAICS)
Manufacturing (336413)
Business Age
Existing or more than 2 years old
Jobs Reported
47
Estimated Revenue
$12.3M
Rural/Urban
Rural
Congressional District
MI-01

Loan Use Breakdown

Payroll
$375,000
Utilities
$25,405
Health Care
$37,500

Lender Information

Servicing Lender
Central Savings Bank
Originating Lender
Central Savings Bank

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