PPP Loan information for Generation tool, inc.

$76,600

Generation tool, inc. was initially approved for PPP Loan of amount $76,600, the current approved amount is $76,600. The loan was approved on 05/06/2020 by The Comerica Bank reported 7 jobs and $76,600 was used to fund payroll.

Generation tool, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Westland / Generation tool, inc.

GENERATION TOOL, INC.

Date Approved

05/06/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

GENERATION TOOL, INC.

Borrower Address

307 Manufacturers Drive

Borrower City

Westland

Borrower State

MI

Borrower Zip

48186

Loan Status Date

07/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

76600.00

Current Approval Amount

76600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Westland

Project County Name

WAYNE

Project State

MI

Project Zip

48186-1100

CD

MI-12

Jobs Reported

7

NAICS Code

333249

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

76600.00

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

Subchapter S Corporation

Originating Lender Location Id

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

77431.96

Forgiveness Date

06/09/2021

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