PPP Loan information for Lectronix, inc.

$525,500

Lectronix, inc. was initially approved for PPP Loan of amount $525,500, the current approved amount is $525,500. The loan was approved on 04/08/2020 by The Mercantile Bank reported 38 jobs and $525,500 was used to fund payroll.

Lectronix, inc. is Existing or more than 2 years old

PPP Loan Search / MI / LANSING / Lectronix, inc.

LECTRONIX, INC.

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LECTRONIX, INC.

Borrower Address

5858 Enterprise Drive

Borrower City

LANSING

Borrower State

MI

Borrower Zip

48911-4107

Loan Status Date

05/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

525500.00

Current Approval Amount

525500.00

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

48911-4107

CD

MI-07

Jobs Reported

38

NAICS Code

334418

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

415000.00

Mortgage Interest Proceed

0.00

Rent Proceed

38150.00

Refinance EIDL Proceed

0.00

Health Care Proceed

56350.00

Debt Interest Proceed

16000

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

530639.82

Forgiveness Date

04/08/2021

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