Date Approved
07/29/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
LAPEER STEEL INC
Borrower Address
3162 HEMPHILL RD
Borrower City
BURTON
Borrower State
MI
Borrower Zip
48529-1456
Loan Status Date
04/08/2021
Loan Status
Paid in Full
Term
60
SBA Guaranty Percentage
100
Initial Approval Amount
260600.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
98882
Servicing Lender Name
ELGA CU
Servicing Lender Address
6065 Grand Pointe Blvd
Servicing Lender City
GRAND BLANC
Servicing Lender State
Servicing Lender Zip
48439
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
GENESEE
Project State
Project Zip
CD
MI-08
Jobs Reported
13
NAICS Code
238990
Race
White
Ethnicity
Not Hispanic or Latino
Utilities Proceed
6500.00
Payroll Proceed
238648.00
Mortgage Interest Proceed
1800.00
Rent Proceed
13652.00
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Male Owned
Veteran
Non-Veteran
Non Profit
Forgiveness Amount
262301.14
Forgiveness Date
03/29/2021