ALADDIN ELECTRIC, INC. (MI) - 2020 PPP Loan Borrower Profile (# 5391377010)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALADDIN ELECTRIC, INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

5391377010

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$515,200

Date Loan was Approved

Apr 5, 2020

Amount Forgiven

$518,362.76

Date Loan was Forgiven

Nov 23, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

25,760

Payroll Proced

412,160

Mortgage Interest Proceed

77,280

Lender

County National Bank

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

JACKSON, MI

Project Location

JACKSON, MI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.