PPP Loan information for K & b asphalt sealcoating inc

$225,400

K & b asphalt sealcoating inc was initially approved for PPP Loan of amount $225,400, the current approved amount is $225,400. The loan was approved on 04/11/2020 by The Bank Michigan reported 50 jobs and $225,400 was used to fund payroll.

K & b asphalt sealcoating inc is Existing or more than 2 years old

PPP Loan Search / MI / Adrian / K & b asphalt sealcoating inc

K & B ASPHALT SEALCOATING INC

Date Approved

04/11/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

K & B ASPHALT SEALCOATING INC

Borrower Address

120 N. Main St Unit A

Borrower City

Adrian

Borrower State

MI

Borrower Zip

49221

Loan Status Date

12/24/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

225400.00

Current Approval Amount

225400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36187

Servicing Lender Name

Bank Michigan

Servicing Lender Address

417 S Main St

Servicing Lender City

BROOKLYN

Servicing Lender State

MI

Servicing Lender Zip

49230-8616

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Adrian

Project County Name

LENAWEE

Project State

MI

Project Zip

49221-0001

CD

MI-05

Jobs Reported

50

NAICS Code

238110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

5500.00

Payroll Proceed

198671.00

Mortgage Interest Proceed

2500.00

Rent Proceed

6000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

8000.00

Debt Interest Proceed

4729

Business Type

Subchapter S Corporation

Originating Lender Location Id

36187

Originating Lender

Bank Michigan

Originating Lender City

BROOKLYN

Originating Lender State

MI

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

226665.95

Forgiveness Date

11/05/2020

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