Westmaas Electric Company
$613,467 PPP Loan in Grandville, Michigan
Loan Details
- Loan Number
- 7709397005
- Date Approved
- Apr 8, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $613,467
- Current Approval
- $613,467
- Forgiveness Amount
- $618,223
- Forgiveness Date
- Jan 25, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Westmaas Electric Company
- Address
- 3025 Sangra Ave
- City
- Grandville
- State
- Michigan
- ZIP Code
- 49418-1153
- Business Type
- Subchapter S Corporation
- Industry (NAICS)
- Construction (238210)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 49
- Estimated Revenue
- $16.1M
- Rural/Urban
- Urban
- Congressional District
- MI-02
Loan Use Breakdown
- Payroll
- $549,493
- Rent
- $17,000
- Utilities
- $3,400
- Health Care
- $43,574
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
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| Corvac Composites LLC | $5,871,000 |  Research |
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| Goodwill Industries of Greater Grand Rapids, Inc. | $2,740,045 | Research |
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