PPP Loan information for Commerce group inc

$51,092

Commerce group inc was initially approved for PPP Loan of amount $51,092, the current approved amount is $51,092. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 12 jobs and $51,092 was used to fund payroll.

Commerce group inc is New Business or 2 years or less

PPP Loan Search / MI / COMMERCE TOWNSHIP / Commerce group inc

COMMERCE GROUP INC

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

COMMERCE GROUP INC

Borrower Address

4100 HAGGERTY HWY

Borrower City

COMMERCE TOWNSHIP

Borrower State

MI

Borrower Zip

48390-1314

Loan Status Date

06/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

51092.00

Current Approval Amount

51092.00

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

COMMERCE TOWNSHIP

Project County Name

OAKLAND

Project State

MI

Project Zip

48390-1314

CD

MI-11

Jobs Reported

12

NAICS Code

445120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

51092.00

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

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

51623.92

Forgiveness Date

05/20/2021

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