PPP Loan information for Power solutions group inc

$405,000

Power solutions group inc was initially approved for PPP Loan of amount $405,000, the current approved amount is $405,000. The loan was approved on 04/14/2020 by The Customers Bank reported 32 jobs and $405,000 was used to fund payroll.

Power solutions group inc is Existing or more than 2 years old

PPP Loan Search / MI / Shelby Township / Power solutions group inc

POWER SOLUTIONS GROUP INC

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

POWER SOLUTIONS GROUP INC

Borrower Address

14320 Industrial Center Dr

Borrower City

Shelby Township

Borrower State

MI

Borrower Zip

48315

Loan Status Date

03/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

405000.00

Current Approval Amount

405000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

121536

Servicing Lender Name

Customers Bank

Servicing Lender Address

40 General Warren Blvd

Servicing Lender City

Malvern

Servicing Lender State

PA

Servicing Lender Zip

19355

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Shelby Township

Project County Name

MACOMB

Project State

MI

Project Zip

48315-0899

CD

MI-10

Jobs Reported

32

NAICS Code

453998

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

405000.00

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

Corporation

Originating Lender Location Id

499141

Originating Lender

Readycap Lending, LLC

Originating Lender City

BERKELEY HEIGHTS

Originating Lender State

NJ

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

407873.84

Forgiveness Date

01/25/2021

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