PPP Loan information for Area towing and recovery inc.

$128,575

Area towing and recovery inc. was initially approved for PPP Loan of amount $128,575, the current approved amount is $128,575. The loan was approved on 02/05/2021 by The First Merchants Bank reported 22 jobs and $128,575 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

02/05/2021

SBA Office Code

0515

Processing Method

PPS

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

11/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

128575.00

Current Approval Amount

128575.00

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

22

NAICS Code

488410

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

128572.00

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

129466.22

Forgiveness Date

10/25/2021

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