PPP Loan information for Lorbec metals usa

$333,259

Lorbec metals usa was initially approved for PPP Loan of amount $333,259, the current approved amount is $333,259. The loan was approved on 01/21/2021 by The Superior National Bank reported 34 jobs and $333,259 was used to fund payroll.

Lorbec metals usa is Existing or more than 2 years old

LORBEC METALS USA

Date Approved

01/21/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

LORBEC METALS USA

Borrower Address

3415 Western Rd

Borrower City

Flint

Borrower State

MI

Borrower Zip

48506-2327

Loan Status Date

02/10/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

333259.00

Current Approval Amount

333259.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

35292

Servicing Lender Name

Superior National Bank

Servicing Lender Address

235 Quincy St

Servicing Lender City

HANCOCK

Servicing Lender State

MI

Servicing Lender Zip

49930-1816

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Flint

Project County Name

GENESEE

Project State

MI

Project Zip

48506-2327

CD

MI-08

Jobs Reported

34

NAICS Code

423930

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

333257.00

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

Corporation

Originating Lender Location Id

35292

Originating Lender

Superior National Bank

Originating Lender City

HANCOCK

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

335075.95

Forgiveness Date

09/10/2021

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