As part of the Paycheck Protection Program PRESTOLITE ELECTRIC INCORPORATED 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.

PRESTOLITE ELECTRIC INCORPORATED


Loan Amount	$2,939,857
BusinessName	PRESTOLITE ELECTRIC INCORPORATED
Address	30120 Hudson Drive
City	NOVI
State	MI
Zip	48377
NAICSCode	336320
BusinessType	Corporation
RaceEthnicity	Unanswered
Gender	Unanswered
Veteran	Unanswered
NonProfit
JobsReported
DateApproved	04/28/2020
Lender	KeyBank National Association
CD	MI-11
BusinessName.clean	PRESTOLITE ELECTRIC INCORPORATED

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

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PRESTON CONTRACTORS
PRESTON FEATHER LUMBER
PRESTON FORD
PRESTON HOOD CHEVROLET