PPP Loan information for Frakes inc

$38,000

Frakes inc was initially approved for PPP Loan of amount $38,000, the current approved amount is $38,000. The loan was approved on 04/09/2020 by The Commercial Bank reported 5 jobs and $38,000 was used to fund payroll.

Frakes inc is Existing or more than 2 years old

PPP Loan Search / MI / ALMA / Frakes inc

FRAKES INC

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

FRAKES INC

Borrower Address

1425 WRIGHT AVE

Borrower City

ALMA

Borrower State

MI

Borrower Zip

48801-1017

Loan Status Date

07/15/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

38000.00

Current Approval Amount

38000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33538

Servicing Lender Name

Commercial Bank

Servicing Lender Address

301 N State St

Servicing Lender City

ALMA

Servicing Lender State

MI

Servicing Lender Zip

48801-1634

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ALMA

Project County Name

GRATIOT

Project State

MI

Project Zip

48801-1017

CD

MI-02

Jobs Reported

5

NAICS Code

423120

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1839.59

Payroll Proceed

30560.41

Mortgage Interest Proceed

0.00

Rent Proceed

5600.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

33538

Originating Lender

Commercial Bank

Originating Lender City

ALMA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

38442.47

Forgiveness Date

06/17/2021

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