PPP Loan information for Progressive electric corporation

$342,500

Progressive electric corporation was initially approved for PPP Loan of amount $342,500, the current approved amount is $342,500. The loan was approved on 04/27/2020 by The Comerica Bank reported 34 jobs and $342,500 was used to fund payroll.

Progressive electric corporation is Existing or more than 2 years old

PPP Loan Search / MI / Livonia / Progressive electric corporation

PROGRESSIVE ELECTRIC CORPORATION

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PROGRESSIVE ELECTRIC CORPORATION

Borrower Address

20561 Middlebelt Road

Borrower City

Livonia

Borrower State

MI

Borrower Zip

48152-2005

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

342500.00

Current Approval Amount

342500.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

Livonia

Project County Name

WAYNE

Project State

MI

Project Zip

48152-2005

CD

MI-12

Jobs Reported

34

NAICS Code

238210

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

274036.00

Mortgage Interest Proceed

68464.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

344897.50

Forgiveness Date

01/07/2021

;