PPP Loan information for Smith bros. electric inc.

$227,737

Smith bros. electric inc. was initially approved for PPP Loan of amount $227,737, the current approved amount is $227,737. The loan was approved on 03/27/2021 by The First Merchants Bank reported 10 jobs and $227,737 was used to fund payroll.

Smith bros. electric inc. is Existing or more than 2 years old

PPP Loan Search / MI / Farmington Hills / Smith bros. electric inc.

SMITH BROS. ELECTRIC INC.

Date Approved

03/27/2021

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SMITH BROS. ELECTRIC INC.

Borrower Address

24032 Haggerty Rd

Borrower City

Farmington Hills

Borrower State

MI

Borrower Zip

48335-2619

Loan Status Date

04/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

227737.00

Current Approval Amount

227737.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Farmington Hills

Project County Name

OAKLAND

Project State

MI

Project Zip

48335-2619

CD

MI-11

Jobs Reported

10

NAICS Code

238210

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

227737.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

229839.67

Forgiveness Date

03/10/2022

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