PPP Loan information for Design systems, inc

$3,550,520

Design systems, inc was initially approved for PPP Loan of amount $3,550,520, the current approved amount is $3,550,520. The loan was approved on 04/09/2020 by The JPMorgan Chase Bank, National Association reported 186 jobs and $3,550,520 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

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DESIGN SYSTEMS, INC

Borrower Address

38799 West 12 Mile Rd 0.0

Borrower City

Farmington Hills

Borrower State

MI

Borrower Zip

48331-2903

Loan Status Date

08/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

3550520.00

Current Approval Amount

3550520.00

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

186

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7872.00

Payroll Proceed

3147684.00

Mortgage Interest Proceed

0.00

Rent Proceed

97240.00

Refinance EIDL Proceed

0.00

Health Care Proceed

297724.00

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

3596236.89

Forgiveness Date

07/27/2021

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