PPP Loan information for Gerace construction company inc.

$846,560

Gerace construction company inc. was initially approved for PPP Loan of amount $846,560, the current approved amount is $846,560. The loan was approved on 01/17/2021 by The 1st State Bank reported 41 jobs and $846,560 was used to fund payroll.

Gerace construction company inc. is Existing or more than 2 years old

GERACE CONSTRUCTION COMPANY INC.

Date Approved

01/17/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

GERACE CONSTRUCTION COMPANY INC.

Borrower Address

4055 S Saginaw Rd

Borrower City

Midland

Borrower State

MI

Borrower Zip

48640-8501

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

846560.00

Current Approval Amount

846560.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378002

Servicing Lender Name

1st State Bank

Servicing Lender Address

4800 Fashion Square Blvd, Ste 100

Servicing Lender City

SAGINAW

Servicing Lender State

MI

Servicing Lender Zip

48604-2619

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Midland

Project County Name

MIDLAND

Project State

MI

Project Zip

48640-8501

CD

MI-04

Jobs Reported

41

NAICS Code

236220

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

846556.00

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

378002

Originating Lender

1st State Bank

Originating Lender City

SAGINAW

Originating Lender State

MI

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

852509.44

Forgiveness Date

10/12/2021

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