PPP Loan information for K-tec systems inc.

$159,028

K-tec systems inc. was initially approved for PPP Loan of amount $159,028, the current approved amount is $159,028. The loan was approved on 01/27/2021 by The First Merchants Bank reported 7 jobs and $159,028 was used to fund payroll.

K-tec systems inc. is Existing or more than 2 years old

PPP Loan Search / MI / Ferndale / K-tec systems inc.

K-TEC SYSTEMS INC.

Date Approved

01/27/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

K-TEC SYSTEMS INC.

Borrower Address

2615 Wolcott St

Borrower City

Ferndale

Borrower State

MI

Borrower Zip

48220-1422

Loan Status Date

04/12/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

159027.50

Current Approval Amount

159027.50

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Ferndale

Project County Name

OAKLAND

Project State

MI

Project Zip

48220-1422

CD

MI-11

Jobs Reported

7

NAICS Code

423810

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

159023.50

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

160792.05

Forgiveness Date

03/10/2022

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