PPP Loan information for Palmer distributors inc.

$520,700

Palmer distributors inc. was initially approved for PPP Loan of amount $520,700, the current approved amount is $520,700. The loan was approved on 01/28/2021 by The Comerica Bank reported 42 jobs and $520,700 was used to fund payroll.

Palmer distributors inc. is Existing or more than 2 years old

PPP Loan Search / MI / Fraser / Palmer distributors inc.

PALMER DISTRIBUTORS INC.

Date Approved

01/28/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

PALMER DISTRIBUTORS INC.

Borrower Address

33525 Groesbeck Hwy

Borrower City

Fraser

Borrower State

MI

Borrower Zip

48026-4205

Loan Status Date

10/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

520700.00

Current Approval Amount

520700.00

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

Fraser

Project County Name

MACOMB

Project State

MI

Project Zip

48026-4205

CD

MI-10

Jobs Reported

42

NAICS Code

337215

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

520698.00

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

523795.27

Forgiveness Date

09/07/2021

;