PPP Loan information for Loftis manufacturing inc.

$86,830

Loftis manufacturing inc. was initially approved for PPP Loan of amount $86,830, the current approved amount is $86,830. The loan was approved on 01/27/2021 by The First State Bank reported 7 jobs and $86,830 was used to fund payroll.

Loftis manufacturing inc. is Existing or more than 2 years old

PPP Loan Search / MI / Chesterfield / Loftis manufacturing inc.

LOFTIS MANUFACTURING INC.

Date Approved

01/27/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

LOFTIS MANUFACTURING INC.

Borrower Address

30103 Commerce Blvd

Borrower City

Chesterfield

Borrower State

MI

Borrower Zip

48051-1242

Loan Status Date

03/09/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

86830.00

Current Approval Amount

86830.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34492

Servicing Lender Name

First State Bank

Servicing Lender Address

16100 E Nine Mile Rd

Servicing Lender City

EASTPOINTE

Servicing Lender State

MI

Servicing Lender Zip

48021-2321

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Chesterfield

Project County Name

MACOMB

Project State

MI

Project Zip

48051-1242

CD

MI-09

Jobs Reported

7

NAICS Code

333517

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

86827.00

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

Subchapter S Corporation

Originating Lender Location Id

34492

Originating Lender

First State Bank

Originating Lender City

EASTPOINTE

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

87691.16

Forgiveness Date

02/01/2022

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