PPP Loan information for Chardam gear company inc

$2,000,000

Chardam gear company inc was initially approved for PPP Loan of amount $2,000,000, the current approved amount is $2,000,000. The loan was approved on 01/27/2021 by The CIBC Bank USA reported 144 jobs and $2,000,000 was used to fund payroll.

Chardam gear company inc is Existing or more than 2 years old

PPP Loan Search / MI / Sterling Heights / Chardam gear company inc

CHARDAM GEAR COMPANY INC

Date Approved

01/27/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

CHARDAM GEAR COMPANY INC

Borrower Address

40805 Mound Rd

Borrower City

Sterling Heights

Borrower State

MI

Borrower Zip

48310-2258

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

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Sterling Heights

Project County Name

MACOMB

Project State

MI

Project Zip

48310-2258

CD

MI-10

Jobs Reported

144

NAICS Code

336413

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999998.00

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

Subchapter S Corporation

Originating Lender Location Id

116998

Originating Lender

CIBC Bank USA

Originating Lender City

CHICAGO

Originating Lender State

IL

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

2017589.04

Forgiveness Date

12/27/2021

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