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Douglas Electric Company

$508,699 PPP Loan in Wyandotte, Michigan

Loan Details

Loan Number
7489257006
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$508,699
Current Approval
$508,699
Forgiveness Amount
$511,500
Forgiveness Date
Nov 3, 2020
Term
24 months
Draw
First 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
47
Estimated Revenue
$15.5M
Rural/Urban
Urban
Congressional District
MI-13

Loan Use Breakdown

Payroll
$508,699

Lender Information

Servicing Lender
First Merchants Bank
Originating Lender
First Merchants Bank

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