PPP Loan information for Electrocycle inc

$86,918

Electrocycle inc was initially approved for PPP Loan of amount $86,918, the current approved amount is $86,918. The loan was approved on 04/14/2020 by The Fifth Third Bank reported 8 jobs and $86,918 was used to fund payroll.

Electrocycle inc is Existing or more than 2 years old

PPP Loan Search / MI / FARMINGTON HILLS / Electrocycle inc

ELECTROCYCLE INC

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ELECTROCYCLE INC

Borrower Address

23953 RESEARCH DR

Borrower City

FARMINGTON HILLS

Borrower State

MI

Borrower Zip

48335

Loan Status Date

03/05/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

86917.50

Current Approval Amount

86917.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARMINGTON HILLS

Project County Name

OAKLAND

Project State

MI

Project Zip

48335-0899

CD

MI-11

Jobs Reported

8

NAICS Code

561990

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

86917.50

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

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

79380.04

Forgiveness Date

11/19/2020

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