PPP Loan information for Orotex corporation

$964,600

Orotex corporation was initially approved for PPP Loan of amount $964,600, the current approved amount is $964,600. The loan was approved on 05/01/2020 by The Comerica Bank reported 107 jobs and $964,600 was used to fund payroll.

Orotex corporation is Existing or more than 2 years old

PPP Loan Search / MI / NOVI / Orotex corporation

OROTEX CORPORATION

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

OROTEX CORPORATION

Borrower Address

22475 VENTURE DR

Borrower City

NOVI

Borrower State

MI

Borrower Zip

48375-4177

Loan Status Date

02/16/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

964600.00

Current Approval Amount

964600.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

NOVI

Project County Name

OAKLAND

Project State

MI

Project Zip

48375-4177

CD

MI-06

Jobs Reported

107

NAICS Code

326199

Race

Asian

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

771684.00

Mortgage Interest Proceed

192916.00

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

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

971298.61

Forgiveness Date

01/12/2021

;