PPP Loan information for Gerace construction company, inc.

$591,000

Gerace construction company, inc. was initially approved for PPP Loan of amount $591,000, the current approved amount is $591,000. The loan was approved on 04/04/2020 by The 1st State Bank reported 27 jobs and $591,000 was used to fund payroll.

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

PPP Loan Search / MI / MIDLAND / Gerace construction company, inc.

GERACE CONSTRUCTION COMPANY, INC.

Date Approved

04/04/2020

SBA Office Code

0515

Processing Method

PPP

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

03/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

591000.00

Current Approval Amount

591000.00

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

27

NAICS Code

238190

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

6000.00

Payroll Proceed

583000.00

Mortgage Interest Proceed

2000.00

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

584550.56

Forgiveness Date

11/23/2020

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