PPP Loan information for Lapeer industries inc

$1,233,556

Lapeer industries inc was initially approved for PPP Loan of amount $1,233,556, the current approved amount is $1,233,556. The loan was approved on 04/15/2020 by The ChoiceOne Bank reported 83 jobs and $1,233,556 was used to fund payroll.

Lapeer industries inc is Existing or more than 2 years old

PPP Loan Search / MI / LAPEER / Lapeer industries inc

LAPEER INDUSTRIES INC

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LAPEER INDUSTRIES INC

Borrower Address

3140 JOHN CONLEY DR

Borrower City

LAPEER

Borrower State

MI

Borrower Zip

48446-2987

Loan Status Date

05/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1233556.00

Current Approval Amount

1233556.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36482

Servicing Lender Name

ChoiceOne Bank

Servicing Lender Address

109 E Division

Servicing Lender City

SPARTA

Servicing Lender State

MI

Servicing Lender Zip

49345-1337

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LAPEER

Project County Name

LAPEER

Project State

MI

Project Zip

48446-2987

CD

MI-10

Jobs Reported

83

NAICS Code

927110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

123356.00

Payroll Proceed

816382.00

Mortgage Interest Proceed

123356.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

170462.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

36482

Originating Lender

ChoiceOne Bank

Originating Lender City

SPARTA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1245418.42

Forgiveness Date

04/14/2021

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