PPP Loan information for New century sales, inc.

$196,240

New century sales, inc. was initially approved for PPP Loan of amount $196,240, the current approved amount is $196,240. The loan was approved on 04/28/2020 by The Independent Bank reported 13 jobs and $196,240 was used to fund payroll.

New century sales, inc. is Existing or more than 2 years old

PPP Loan Search / MI / COMMERCE TOWNSHIP / New century sales, inc.

NEW CENTURY SALES, INC.

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

NEW CENTURY SALES, INC.

Borrower Address

1715 TRADITIONAL DR

Borrower City

COMMERCE TOWNSHIP

Borrower State

MI

Borrower Zip

48390-2975

Loan Status Date

01/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

196240.00

Current Approval Amount

196240.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

COMMERCE TOWNSHIP

Project County Name

OAKLAND

Project State

MI

Project Zip

48390-2975

CD

MI-11

Jobs Reported

13

NAICS Code

332913

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

196240.00

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

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

197519.59

Forgiveness Date

12/31/2020

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