PPP Loan information for Belco industries inc

$1,063,480

Belco industries inc was initially approved for PPP Loan of amount $1,063,480, the current approved amount is $1,063,480. The loan was approved on 01/31/2021 by The Bank of America, National Association reported 61 jobs and $1,063,480 was used to fund payroll.

Belco industries inc is Existing or more than 2 years old

PPP Loan Search / MI / Belding / Belco industries inc

BELCO INDUSTRIES INC

Date Approved

01/31/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

BELCO INDUSTRIES INC

Borrower Address

9138 W Belding Rd

Borrower City

Belding

Borrower State

MI

Borrower Zip

48809-9201

Loan Status Date

11/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1063480.00

Current Approval Amount

1063480.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Belding

Project County Name

IONIA

Project State

MI

Project Zip

48809-9201

CD

MI-02

Jobs Reported

61

NAICS Code

332322

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1063477.00

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

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1071259.43

Forgiveness Date

10/27/2021

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