PPP Loan information for 1271 associates, inc. dba welders and presses, inc.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

1271 ASSOCIATES, INC. DBA WELDERS AND PRESSES, INC.

Borrower Address

27295 LUCKINO DR

Borrower City

CHESTERFIELD

Borrower State

MI

Borrower Zip

48047

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1232050.00

Current Approval Amount

1232050.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHESTERFIELD

Project County Name

MACOMB

Project State

MI

Project Zip

48047-0001

CD

MI-09

Jobs Reported

500

NAICS Code

333992

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

20000.00

Payroll Proceed

938850.00

Mortgage Interest Proceed

0.00

Rent Proceed

203200.00

Refinance EIDL Proceed

0.00

Health Care Proceed

70000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1245365.04

Forgiveness Date

06/03/2021