PPP Loan information for L&d electric, inc.

$1,900,587

L&d electric, inc. was initially approved for PPP Loan of amount $1,900,587, the current approved amount is $1,900,587. The loan was approved on 04/07/2020 by The Mercantile Bank reported 193 jobs and $1,900,587 was used to fund payroll.

L&d electric, inc. is Existing or more than 2 years old

PPP Loan Search / MI / LANSING / L&d electric, inc.

L&D ELECTRIC, INC.

Date Approved

04/07/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

L&D ELECTRIC, INC.

Borrower Address

1095 MAK TECH DR

Borrower City

LANSING

Borrower State

MI

Borrower Zip

48906-5677

Loan Status Date

04/14/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1900587.00

Current Approval Amount

1900587.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LANSING

Project County Name

INGHAM

Project State

MI

Project Zip

48906-5677

CD

MI-07

Jobs Reported

193

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6906.00

Payroll Proceed

1740793.00

Mortgage Interest Proceed

0.00

Rent Proceed

21340.00

Refinance EIDL Proceed

0.00

Health Care Proceed

113874.00

Debt Interest Proceed

17674

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1918863.88

Forgiveness Date

03/31/2021

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