PPP Loan information for Automated process equipment corporation

$821,200

Automated process equipment corporation was initially approved for PPP Loan of amount $821,200, the current approved amount is $821,200. The loan was approved on 04/05/2020 by The Union Bank reported 51 jobs and $821,200 was used to fund payroll.

Automated process equipment corporation is Existing or more than 2 years old

PPP Loan Search / MI / LAKE ODESSA / Automated process equipment corporation

AUTOMATED PROCESS EQUIPMENT CORPORATION

Date Approved

04/05/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

AUTOMATED PROCESS EQUIPMENT CORPORATION

Borrower Address

1201 4th Ave

Borrower City

LAKE ODESSA

Borrower State

MI

Borrower Zip

48849-1301

Loan Status Date

12/18/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

821200.00

Current Approval Amount

821200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35975

Servicing Lender Name

Union Bank

Servicing Lender Address

933 4th Ave

Servicing Lender City

LAKE ODESSA

Servicing Lender State

MI

Servicing Lender Zip

48849-1020

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LAKE ODESSA

Project County Name

IONIA

Project State

MI

Project Zip

48849-1301

CD

MI-02

Jobs Reported

51

NAICS Code

333999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

708000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

113200.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

35975

Originating Lender

Union Bank

Originating Lender City

LAKE ODESSA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

826150.01

Forgiveness Date

11/17/2020

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