PPP Loan information for Melco, inc

$2,218,000

Melco, inc was initially approved for PPP Loan of amount $2,218,000, the current approved amount is $2,218,000. The loan was approved on 04/29/2020 by The Comerica Bank reported 450 jobs and $2,218,000 was used to fund payroll.

Melco, inc is Existing or more than 2 years old

PPP Loan Search / MI / SOUTHFIELD / Melco, inc

MELCO, INC

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MELCO, INC

Borrower Address

21400 TELEGRAPH RD

Borrower City

SOUTHFIELD

Borrower State

MI

Borrower Zip

48033-4245

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2218000.00

Current Approval Amount

2218000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SOUTHFIELD

Project County Name

OAKLAND

Project State

MI

Project Zip

48033-4245

CD

MI-12

Jobs Reported

450

NAICS Code

722511

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1774400.00

Mortgage Interest Proceed

443600.00

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2247142.06

Forgiveness Date

08/23/2021

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