PPP Loan information for Electrical materials inc

$350,977

Electrical materials inc was initially approved for PPP Loan of amount $350,977, the current approved amount is $350,977. The loan was approved on 03/08/2021 by The PNC Bank, National Association reported 19 jobs and $350,977 was used to fund payroll.

Electrical materials inc is Existing or more than 2 years old

PPP Loan Search / MI / Sterling Heights / Electrical materials inc

ELECTRICAL MATERIALS INC

Date Approved

03/08/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

ELECTRICAL MATERIALS INC

Borrower Address

44262 Phoenix Dr 44262 Phoenix Dr

Borrower City

Sterling Heights

Borrower State

MI

Borrower Zip

48314-1465

Loan Status Date

11/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

350977.00

Current Approval Amount

350977.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Sterling Heights

Project County Name

MACOMB

Project State

MI

Project Zip

48314-1465

CD

MI-10

Jobs Reported

19

NAICS Code

423610

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

350975.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

353209.60

Forgiveness Date

10/26/2021

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