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 04/03/2021 by The Sturgis Bank & Trust Company reported 3 jobs and $65,847 was used to fund payroll.

Forming systems inc is Existing or more than 2 years old

PPP Loan Search / MI / Schoolcraft / Forming systems inc

FORMING SYSTEMS INC

Date Approved

04/03/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

FORMING SYSTEMS INC

Borrower Address

15075 S US 131

Borrower City

Schoolcraft

Borrower State

MI

Borrower Zip

49087

Loan Status Date

08/17/2021

Loan Status

Paid in Full

Term

60

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

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Schoolcraft

Project County Name

KALAMAZOO

Project State

MI

Project Zip

49087

CD

MI-06

Jobs Reported

3

NAICS Code

423830

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

65844.00

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

79717

Originating Lender

Sturgis Bank & Trust Company

Originating Lender City

STURGIS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

65678.98

Forgiveness Date

07/26/2021

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