PPP Loan information for Adam electronics inc

$112,500

Adam electronics inc was initially approved for PPP Loan of amount $112,500, the current approved amount is $112,500. The loan was approved on 04/28/2020 by The Loan Source Incorporated reported 11 jobs and $112,500 was used to fund payroll.

Adam electronics inc is Existing or more than 2 years old

PPP Loan Search / MI / MADISON HEIGHTS / Adam electronics inc

ADAM ELECTRONICS INC

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ADAM ELECTRONICS INC

Borrower Address

32020 EDWARD AVE

Borrower City

MADISON HEIGHTS

Borrower State

MI

Borrower Zip

48071-1420

Loan Status Date

02/19/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

112500.00

Current Approval Amount

112500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

MADISON HEIGHTS

Project County Name

OAKLAND

Project State

MI

Project Zip

48071-1420

CD

MI-11

Jobs Reported

11

NAICS Code

334419

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

112500.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

49887

Originating Lender

Flagstar Bank National Association

Originating Lender City

HICKSVILLE

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

113504.79

Forgiveness Date

03/29/2021

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