Lectronix, Inc.
$525,500 PPP Loan in Lansing, Michigan
Loan Details
- Loan Number
- 7734797009
- Date Approved
- Apr 8, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $525,500
- Current Approval
- $525,500
- Forgiveness Amount
- $530,640
- Forgiveness Date
- Apr 8, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
Loan Use Breakdown
- Payroll
- $415,000
- Rent
- $38,150
- Health Care
- $56,350
- Debt Interest
- $16,000
Lender Information
- Servicing Lender
- Mercantile Bank
- Originating Lender
- Mercantile Bank
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