PPP Loan information for Ib electric inc

$81,352

Ib electric inc was initially approved for PPP Loan of amount $81,352, the current approved amount is $81,352. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 250 jobs and $81,352 was used to fund payroll.

Ib electric inc is Existing or more than 2 years old

PPP Loan Search / MI / Dearborn Heights / Ib electric inc

IB ELECTRIC INC

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

IB ELECTRIC INC

Borrower Address

22345 W. Warren Street

Borrower City

Dearborn Heights

Borrower State

MI

Borrower Zip

48127

Loan Status Date

05/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

81352.00

Current Approval Amount

81352.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Dearborn Heights

Project County Name

WAYNE

Project State

MI

Project Zip

48127-0001

CD

MI-12

Jobs Reported

250

NAICS Code

221118

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

5000.00

Payroll Proceed

61014.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

5338

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

82133.75

Forgiveness Date

04/20/2021

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