PPP Loan information for American brake and clutch inc.

$74,767

American brake and clutch inc. was initially approved for PPP Loan of amount $74,767, the current approved amount is $74,767. The loan was approved on 02/04/2021 by The Loan Source Incorporated reported 6 jobs and $74,767 was used to fund payroll.

American brake and clutch inc. is Existing or more than 2 years old

PPP Loan Search / MI / Chesterfield / American brake and clutch inc.

AMERICAN BRAKE AND CLUTCH INC.

Date Approved

02/04/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

AMERICAN BRAKE AND CLUTCH INC.

Borrower Address

50631 E Russell Schmidt Blvd

Borrower City

Chesterfield

Borrower State

MI

Borrower Zip

48051-2454

Loan Status Date

07/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

74767.00

Current Approval Amount

74767.00

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

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

48051-2454

CD

MI-09

Jobs Reported

6

NAICS Code

336340

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

74765.00

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

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

75735.90

Forgiveness Date

06/07/2022

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