PPP Loan information for American seating company

$2,000,000

American seating company was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 02/09/2021 by The CIBC Bank USA reported 218 jobs and $2,000,000 was used to fund payroll.

American seating company is Existing or more than 2 years old

PPP Loan Search / MI / Grand Rapids / American seating company

AMERICAN SEATING COMPANY

Date Approved

02/09/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

AMERICAN SEATING COMPANY

Borrower Address

801 Broadway Ave NW

Borrower City

Grand Rapids

Borrower State

MI

Borrower Zip

49504-4462

Loan Status Date

01/31/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

2000000.00

Current Approval Amount

2000000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

116998

Servicing Lender Name

CIBC Bank USA

Servicing Lender Address

120 S LaSalle St

Servicing Lender City

CHICAGO

Servicing Lender State

IL

Servicing Lender Zip

60603-3403

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Grand Rapids

Project County Name

KENT

Project State

MI

Project Zip

49504-4462

CD

MI-03

Jobs Reported

218

NAICS Code

336360

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999995.00

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

116998

Originating Lender

CIBC Bank USA

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2015178.08

Forgiveness Date

11/23/2021

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