PPP Loan information for Power solutions group inc

$375,405

Power solutions group inc was initially approved for PPP Loan of amount $375,405, the current approved amount is $375,405. The loan was approved on 01/28/2021 by The Readycap Lending, LLC reported 27 jobs and $375,405 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

01/28/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

POWER SOLUTIONS GROUP INC

Borrower Address

14320 Industrial Center Dr

Borrower City

Shelby Township

Borrower State

MI

Borrower Zip

48315-3292

Loan Status Date

08/24/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

375405.00

Current Approval Amount

375405.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

499141

Servicing Lender Name

Readycap Lending, LLC

Servicing Lender Address

200 Connell Drive Suite 4000

Servicing Lender City

BERKELEY HEIGHTS

Servicing Lender State

NJ

Servicing Lender Zip

07922

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

48315-3292

CD

MI-10

Jobs Reported

27

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

375402.00

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

377019.76

Forgiveness Date

07/16/2021

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