PPP Loan information for Area towing and recovery, inc.

$128,500

Area towing and recovery, inc. was initially approved for PPP Loan of amount $128,500, the current approved amount is $128,500. The loan was approved on 04/11/2020 by The First Merchants Bank reported 18 jobs and $128,500 was used to fund payroll.

Area towing and recovery, inc. is Existing or more than 2 years old

PPP Loan Search / MI / TAYLOR / Area towing and recovery, inc.

AREA TOWING AND RECOVERY, INC.

Date Approved

04/11/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

AREA TOWING AND RECOVERY, INC.

Borrower Address

16550 RACHO BLVD

Borrower City

TAYLOR

Borrower State

MI

Borrower Zip

48180-6030

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

128500.00

Current Approval Amount

128500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

TAYLOR

Project County Name

WAYNE

Project State

MI

Project Zip

48180-6030

CD

MI-13

Jobs Reported

18

NAICS Code

488410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

128500.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

129485.75

Forgiveness Date

01/25/2021

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