PPP Loan information for Western electric service inc

$80,332

Western electric service inc was initially approved for PPP Loan of amount $70,000, the current approved amount is $80,332. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 16 jobs and $80,332 was used to fund payroll.

Western electric service inc is New Business or 2 years or less

PPP Loan Search / MI / STERLING HEIGHTS / Western electric service inc

WESTERN ELECTRIC SERVICE INC

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

WESTERN ELECTRIC SERVICE INC

Borrower Address

4736 ASPENWOOD DR

Borrower City

STERLING HEIGHTS

Borrower State

MI

Borrower Zip

48314-2946

Loan Status Date

06/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

70000.00

Current Approval Amount

80332.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

STERLING HEIGHTS

Project County Name

MACOMB

Project State

MI

Project Zip

48314-2946

CD

MI-10

Jobs Reported

16

NAICS Code

221118

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

80332.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

81144.12

Forgiveness Date

05/06/2021

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