PPP Loan information for People's transit, ltd.

$282,400

People's transit, ltd. was initially approved for PPP Loan of amount $282,400, the current approved amount is $282,400. The loan was approved on 04/16/2020 by The JPMorgan Chase Bank, National Association reported 48 jobs and $282,400 was used to fund payroll.

People's transit, ltd. is Existing or more than 2 years old

PPP Loan Search / MI / ROMULUS / People's transit, ltd.

PEOPLE'S TRANSIT, LTD.

Date Approved

04/16/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PEOPLE'S TRANSIT, LTD.

Borrower Address

29017 HIGHLAND RD

Borrower City

ROMULUS

Borrower State

MI

Borrower Zip

48174

Loan Status Date

09/29/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

282400.00

Current Approval Amount

282400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ROMULUS

Project County Name

WAYNE

Project State

MI

Project Zip

48174-0001

CD

MI-13

Jobs Reported

48

NAICS Code

485111

Race

Black or African American

Ethnicity

Not Hispanic or Latino

Utilities Proceed

15000.00

Payroll Proceed

225920.00

Mortgage Interest Proceed

0.00

Rent Proceed

30000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

11480

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

286090.03

Forgiveness Date

08/11/2021

;