PPP Loan information for Pennas inc

$323,800

Pennas inc was initially approved for PPP Loan of amount $323,800, the current approved amount is $323,800. The loan was approved on 04/15/2020 by The Loan Source Incorporated reported 27 jobs and $323,800 was used to fund payroll.

Pennas inc is Existing or more than 2 years old

PPP Loan Search / MI / Sterling Heights / Pennas inc

PENNAS INC

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PENNAS INC

Borrower Address

38400 Van Dyke

Borrower City

Sterling Heights

Borrower State

MI

Borrower Zip

48312

Loan Status Date

10/26/2021

Loan Status

Charged Off

Term

2

SBA Guaranty Percentage

100

Initial Approval Amount

323800.00

Current Approval Amount

323800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Sterling Heights

Project County Name

MACOMB

Project State

MI

Project Zip

48312-0899

CD

MI-10

Jobs Reported

27

NAICS Code

722320

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

323800.00

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

49887

Originating Lender

Flagstar Bank National Association

Originating Lender City

HICKSVILLE

Originating Lender State

NY

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

257550.50

Forgiveness Date

08/16/2021

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