PPP Loan information for Friction coating corp

$175,925

Friction coating corp was initially approved for PPP Loan of amount $175,925, the current approved amount is $175,925. The loan was approved on 03/31/2021 by The JPMorgan Chase Bank, National Association reported 16 jobs and $175,925 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

03/31/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

FRICTION COATING CORP

Borrower Address

44833 Centre Ct

Borrower City

Clinton Township

Borrower State

MI

Borrower Zip

48038-1316

Loan Status Date

11/19/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

175925.00

Current Approval Amount

175925.00

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

48038-1316

CD

MI-10

Jobs Reported

16

NAICS Code

333517

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

175922.00

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

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

176882.81

Forgiveness Date

10/19/2021

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