PPP Loan information for Forming systems inc

$65,847

Forming systems inc was initially approved for PPP Loan of amount $65,847, the current approved amount is $65,847. The loan was approved on 04/27/2020 by The Sturgis Bank & Trust Company reported 2 jobs and $65,847 was used to fund payroll.

Forming systems inc is Existing or more than 2 years old

PPP Loan Search / MI / THREE RIVERS / Forming systems inc

FORMING SYSTEMS INC

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

FORMING SYSTEMS INC

Borrower Address

16298 OAK LN

Borrower City

THREE RIVERS

Borrower State

MI

Borrower Zip

49093-8372

Loan Status Date

02/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

65847.00

Current Approval Amount

65847.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

79717

Servicing Lender Name

Sturgis Bank & Trust Company

Servicing Lender Address

113-125 E Chicago Rd

Servicing Lender City

STURGIS

Servicing Lender State

MI

Servicing Lender Zip

49091-1754

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

THREE RIVERS

Project County Name

SAINT JOSEPH

Project State

MI

Project Zip

49093-8372

CD

MI-05

Jobs Reported

2

NAICS Code

332613

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3200.00

Payroll Proceed

53000.00

Mortgage Interest Proceed

0.00

Rent Proceed

3500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

6147.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

79717

Originating Lender

Sturgis Bank & Trust Company

Originating Lender City

STURGIS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

66350.32

Forgiveness Date

02/02/2021

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