PPP Loan information for Praet tool & engineering, inc. & praet management group, inc

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PRAET TOOL & ENGINEERING, INC. & PRAET MANAGEMENT GROUP, INC

Borrower Address

51214 Industrial Dr

Borrower City

MACOMB

Borrower State

MI

Borrower Zip

48042-4025

Loan Status Date

04/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

316195.00

Current Approval Amount

316195.00

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

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

MACOMB

Project County Name

MACOMB

Project State

MI

Project Zip

48042-4025

CD

MI-09

Jobs Reported

23

NAICS Code

332710

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9182.00

Payroll Proceed

252856.00

Mortgage Interest Proceed

0.00

Rent Proceed

22657.00

Refinance EIDL Proceed

0.00

Health Care Proceed

28000.00

Debt Interest Proceed

3500

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

319078.52

Forgiveness Date

03/16/2021