PPP Loan information for Design systems inc

$2,000,000

Design systems 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 02/09/2021 by The JPMorgan Chase Bank, National Association reported 164 jobs and $2,000,000 was used to fund payroll.

Design systems inc is Existing or more than 2 years old

PPP Loan Search / MI / Farmington Hills / Design systems inc

DESIGN SYSTEMS INC

Date Approved

02/09/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

DESIGN SYSTEMS INC

Borrower Address

38799 W 12 Mile Rd

Borrower City

Farmington Hills

Borrower State

MI

Borrower Zip

48331-2903

Loan Status Date

11/18/2021

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

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Farmington Hills

Project County Name

OAKLAND

Project State

MI

Project Zip

48331-2903

CD

MI-11

Jobs Reported

164

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

1999997.00

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

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2014101.11

Forgiveness Date

10/28/2021

;