PPP Loan information for Industrial electric co. of detroit, inc.

$1,272,200

Industrial electric co. of detroit, inc. was initially approved for PPP Loan of amount $1,272,200, the current approved amount is $1,272,200. The loan was approved on 04/29/2020 by The Comerica Bank reported 53 jobs and $1,272,200 was used to fund payroll.

Industrial electric co. of detroit, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Detroit / Industrial electric co. of detroit, inc.

INDUSTRIAL ELECTRIC CO. OF DETROIT, INC.

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

INDUSTRIAL ELECTRIC CO. OF DETROIT, INC.

Borrower Address

275 E. Milwaukee

Borrower City

Detroit

Borrower State

MI

Borrower Zip

48202

Loan Status Date

06/06/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1272200.00

Current Approval Amount

1272200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Detroit

Project County Name

WAYNE

Project State

MI

Project Zip

48202-0001

CD

MI-13

Jobs Reported

53

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1272200.00

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1298315.44

Forgiveness Date

05/23/2022

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