PPP Loan information for Commerce steel corp.

$136,000

Commerce steel corp. was initially approved for PPP Loan of amount $136,000, the current approved amount is $136,000. The loan was approved on 04/05/2020 by The First Merchants Bank reported 9 jobs and $136,000 was used to fund payroll.

Commerce steel corp. is Existing or more than 2 years old

PPP Loan Search / MI / COMMERCE TOWNSHIP / Commerce steel corp.

COMMERCE STEEL CORP.

Date Approved

04/05/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

COMMERCE STEEL CORP.

Borrower Address

5910 LYNNE HOLLOW DR

Borrower City

COMMERCE TOWNSHIP

Borrower State

MI

Borrower Zip

48382-1296

Loan Status Date

06/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

136000.00

Current Approval Amount

136000.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COMMERCE TOWNSHIP

Project County Name

OAKLAND

Project State

MI

Project Zip

48382-1296

CD

MI-11

Jobs Reported

9

NAICS Code

423510

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

136000.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

137494.14

Forgiveness Date

05/20/2021

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