PPP Loan information for Fortune tool & machine, inc.

$350,350

Fortune tool & machine, inc. was initially approved for PPP Loan of amount $350,350, the current approved amount is $350,350. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 20 jobs and $350,350 was used to fund payroll.

Fortune tool & machine, inc. is Existing or more than 2 years old

PPP Loan Search / MI / WIXOM / Fortune tool & machine, inc.

FORTUNE TOOL & MACHINE, INC.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

FORTUNE TOOL & MACHINE, INC.

Borrower Address

29650 BECK RD

Borrower City

WIXOM

Borrower State

MI

Borrower Zip

48393

Loan Status Date

08/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

350350.00

Current Approval Amount

350350.00

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

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WIXOM

Project County Name

OAKLAND

Project State

MI

Project Zip

48393-0001

CD

MI-11

Jobs Reported

20

NAICS Code

811310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5125.00

Payroll Proceed

262762.00

Mortgage Interest Proceed

0.00

Rent Proceed

18734.00

Refinance EIDL Proceed

0.00

Health Care Proceed

63729.00

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

354517.80

Forgiveness Date

07/13/2021

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