As part of the Paycheck Protection Program IDEAL ELECTRIC, INC was approved for a loan.

The Paycheck Protection Program (PPP) incentivized business owners to continue paying their workers during the pandemic. In late December 2020, a new PPP bill authorized additional funding for the program.

IDEAL ELECTRIC, INC


Loan Amount	$2,139,900
BusinessName	IDEAL ELECTRIC, INC
Address	12856 Farmington Road
City	Livonia
State	MI
Zip	48150
NAICSCode	238210
BusinessType	Subchapter S Corporation
RaceEthnicity	Unanswered
Gender	Male Owned
Veteran	Non-Veteran
NonProfit
JobsReported	207
DateApproved	04/13/2020
Lender	Level One Bank
CD	MI-11
BusinessName.clean	IDEAL ELECTRIC

Data Sources

The data come from a release of over 5 million records by the SBA in November, 2020.

Who Could Apply?

Entities affected by Coronavirus (COVID-19) may have been eligible, including:

Small businesses that met SBA’s size standards
Sole proprietors, independent contractors, and self-employed persons

More info about the PPP is available from the Small Business Administration.

Other Organizations with PPP Loans

IDEAL EYE TEAM
IDEAL FACILITIES SERVICES
IDEAL FASTENER
ALL VALLEY HOME HEALTH CARE AND NURSING
IDEAL HEATING AIR CONDITIONING AND REFRIGERATION