ARCHAMBO ELECTRIC INC (MI) - 2020 PPP Loan Borrower Profile (# 1596118505)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARCHAMBO 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

1596118505

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$32,557.5

Date Loan was Approved

Feb 19, 2021

Amount Forgiven

$32,751.04

Date Loan was Forgiven

Sep 28, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

32,552.5

Lender

Citizens National Bank of Cheboygan

Business Detail

Business Type

Corporation

NAICS

238210

Borrower Location

Cheboygan, MI

Project Location

Cheboygan, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.