As part of the Paycheck Protection Program MADISON ELECTRIC COMPANY 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.

MADISON ELECTRIC COMPANY


Loan Amount	$2,262,100
BusinessName	MADISON ELECTRIC COMPANY
Address	31855 Van Dyke Avenue
City	Warren
State	MI
Zip	48093
NAICSCode	423610
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported	149
DateApproved	04/29/2020
Lender	Comerica Bank
CD	MI-09
BusinessName.clean	MADISON ELECTRIC COMPANY

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

MADISON EMERGENCY PHYSICIANS SC
MADISON FACILITY
MADISON HAYWOOD DEVELOPMENTAL SERVICES
MADISON HEALTHCARE SERVICES
MADISON HEIGHTS GLASS COMPANY