Ferndale Electric Company, INC
$4,275,000 PPP Loan in Ferndale, Michigan
Loan Details
- Loan Number
- 6376487004
- Date Approved
- Apr 6, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $4,275,000
- Current Approval
- $4,003,000
- Forgiveness Amount
- $1,924,272
- Forgiveness Date
- Jun 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Ferndale Electric Company, INC
- Address
- 915 E Drayton St
- City
- Ferndale
- State
- Michigan
- ZIP Code
- 48220-1199
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 142
- Estimated Revenue
- $46.7M
- Rural/Urban
- Urban
- Congressional District
- MI-11
Loan Use Breakdown
- Payroll
- $4,003,000
Lender Information
- Servicing Lender
- The Huntington National Bank
- Originating Lender
- The Huntington National Bank
Other PPP Loans in Ferndale, MI
| Business | Approved | |
|---|---|---|
| Hosler Mechanical Inc. | $5,479,400 |  Research |
| Ferndale Pharma Group INC | $3,670,900 | Research |
| Garden Fresh Gourmet LLC | $3,000,000 | Research |
| Creative Breakthroughs, Inc. | $2,257,500 | Research |
| Creative Breakthroughs Inc. | $2,000,000 | Research |
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