Date Approved
01/20/2021
SBA Office Code
0515
Processing Method
PPS
Borrower Name
ASHCOTT ELECTRICAL INC.
Borrower Address
11800 Whitmore Lake Rd
Borrower City
Whitmore Lake
Borrower State
MI
Borrower Zip
48189-9380
Loan Status Date
01/31/2022
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
344149.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
33691
Servicing Lender Name
Chelsea State Bank
Servicing Lender Address
1010 S Main St
Servicing Lender City
CHELSEA
Servicing Lender State
Servicing Lender Zip
48118-1435
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
WASHTENAW
Project State
Project Zip
CD
MI-07
Jobs Reported
16
NAICS Code
238210
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
1.00
Payroll Proceed
344147.00
Mortgage Interest Proceed
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
347213.34
Forgiveness Date
12/14/2021