PPP Loan information for Friction coating corp

$176,117

Friction coating corp was initially approved for PPP Loan of amount $176,117, the current approved amount is $176,117. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 14 jobs and $176,117 was used to fund payroll.

Friction coating corp is Existing or more than 2 years old

PPP Loan Search / MI / CLINTON TOWNSHIP / Friction coating corp

FRICTION COATING CORP

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

FRICTION COATING CORP

Borrower Address

44833 CENTRE CT

Borrower City

CLINTON TOWNSHIP

Borrower State

MI

Borrower Zip

48038

Loan Status Date

07/21/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

176117.00

Current Approval Amount

176117.00

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

CLINTON TOWNSHIP

Project County Name

MACOMB

Project State

MI

Project Zip

48038-0001

CD

MI-10

Jobs Reported

14

NAICS Code

332710

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9813.00

Payroll Proceed

132087.00

Mortgage Interest Proceed

0.00

Rent Proceed

5762.00

Refinance EIDL Proceed

0.00

Health Care Proceed

28455.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

177981.98

Forgiveness Date

05/26/2021

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