# PPP loan: PREMIUM ELECTRIC COMPANY INC
> **$181K** approved 02/17/2021 · Paid in Full · Loan `9485398403`
## Borrower
- **Name:** PREMIUM ELECTRIC COMPANY INC
- **Address:** 2550 Hilton Rd, Ferndale, MI, 48220-1544
- **NAICS:** 238210
- **Business type:** Corporation
- **Business age:** Existing or more than 2 years old
## Loan
- **Approval amount:** $181K
- **Initial approval:** $181K
- **Forgiven:** $183K (101%)
- **Forgiveness date:** 02/25/2022
- **Status:** Paid in Full
- **Term:** 60 months
## Use of funds
- **Payroll:** $181K
- **Utilities:** $1
- **Jobs reported:** 15
## Lender
- **Originating:** Northeast Bank
- **Servicing:** Loan Source Incorporated (NY)
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*Source: [SBA PPP Data](https://data.sba.gov/dataset/ppp-foia) · AI Analytics · CC0 1.0*