PPP Loan information for Albion motors inc

$119,500

Albion motors inc was initially approved for PPP Loan of amount $119,500, the current approved amount is $119,500. The loan was approved on 02/04/2021 by The Homestead Savings Bank reported 10 jobs and $119,500 was used to fund payroll.

Albion motors inc is Existing or more than 2 years old

PPP Loan Search / MI / Albion / Albion motors inc

ALBION MOTORS INC

Date Approved

02/04/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

ALBION MOTORS INC

Borrower Address

16154 E Michigan Ave

Borrower City

Albion

Borrower State

MI

Borrower Zip

49224-9194

Loan Status Date

08/10/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

119500.00

Current Approval Amount

119500.00

Undisbursed Amount

0.00

Franchise Name

Chrysler - Sales and Service Agreement

Servicing Lender Location Id

79922

Servicing Lender Name

Homestead Savings Bank

Servicing Lender Address

415 S Superior St

Servicing Lender City

ALBION

Servicing Lender State

MI

Servicing Lender Zip

49224-2174

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Albion

Project County Name

CALHOUN

Project State

MI

Project Zip

49224-9194

CD

MI-05

Jobs Reported

10

NAICS Code

441110

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

119497.00

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

79922

Originating Lender

Homestead Savings Bank

Originating Lender City

ALBION

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

120007.47

Forgiveness Date

07/19/2021

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