PPP Loan information for Precision slitting service co.

$230,465

Precision slitting service co. was initially approved for PPP Loan of amount $230,465, the current approved amount is $230,465. The loan was approved on 04/14/2020 by The Independent Bank reported 22 jobs and $230,465 was used to fund payroll.

Precision slitting service co. is Existing or more than 2 years old

PPP Loan Search / MI / ROMULUS / Precision slitting service co.

PRECISION SLITTING SERVICE CO.

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PRECISION SLITTING SERVICE CO.

Borrower Address

28975 SMITH RD

Borrower City

ROMULUS

Borrower State

MI

Borrower Zip

48174-2242

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

230465.00

Current Approval Amount

230465.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

ROMULUS

Project County Name

WAYNE

Project State

MI

Project Zip

48174-2242

CD

MI-13

Jobs Reported

22

NAICS Code

332439

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

230465.00

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

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

221673.03

Forgiveness Date

11/09/2020

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