Medler Electric Company
$1,458,461 PPP Loan in Alma, Michigan
Loan Details
- Loan Number
- 7350367010
- Date Approved
- Apr 7, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,458,461
- Current Approval
- $1,458,461
- Forgiveness Amount
- $1,467,372
- Forgiveness Date
- Nov 24, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Medler Electric Company
- Address
- 2155 Redman Dr
- City
- Alma
- State
- Michigan
- ZIP Code
- 48801-9313
- Business Type
- Employee Stock Ownership Plan(esop)
- Industry (NAICS)
- Wholesale Trade (423610)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 115
- Estimated Revenue
- $35.2M
- Rural/Urban
- Rural
- Congressional District
- MI-02
Loan Use Breakdown
- Payroll
- $1,268,215
- Health Care
- $190,246
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
Other PPP Loans in Alma, MI
| Business | Approved | |
|---|---|---|
| Alma College | $4,151,837 |  Research |
| Michigan Masonic Home | $4,105,263 | Research |
| Avalon & Tahoe Mfg INC | $1,500,000 | Research |
| Medler Electric Company Employee Stock Ownership Plan and Tr | $1,146,262 | Research |
| Great Lakes Petroleum Transportation LLC | $1,112,900 | Research |
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