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Master Electric, Inc.

$2,211,900 PPP Loan in Gladwin, Michigan

Loan Details

Loan Number
7653577000
Date Approved
Apr 7, 2020
Loan Status
Paid in Full
Initial Approval
$2,211,900
Current Approval
$2,211,900
Forgiveness Amount
$2,237,413
Forgiveness Date
Jun 11, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Master Electric, Inc.
Address
2350 West M-61
City
Gladwin
State
Michigan
ZIP Code
48624
Business Type
Corporation
Industry (NAICS)
Construction (238210)
Business Age
Existing or more than 2 years old
Jobs Reported
39
Estimated Revenue
$12.8M
Rural/Urban
Rural
Congressional District
MI-04

Loan Use Breakdown

Payroll
$1,769,520
Rent
$147,460
Utilities
$147,460
Mortgage Interest
$147,460

Lender Information

Servicing Lender
Horizon Bank
Originating Lender
Horizon Bank

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