PPP Loan information for Precision speed equipment, inc

$1,195,700

Precision speed equipment, inc was initially approved for PPP Loan of amount $1,195,700, the current approved amount is $1,195,700. The loan was approved on 04/04/2020 by The Century Bank and Trust reported 160 jobs and $1,195,700 was used to fund payroll.

Precision speed equipment, inc is Existing or more than 2 years old

PPP Loan Search / MI / STURGIS / Precision speed equipment, inc

PRECISION SPEED EQUIPMENT, INC

Date Approved

04/04/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

PRECISION SPEED EQUIPMENT, INC

Borrower Address

1400 LAFAYETTE ST

Borrower City

STURGIS

Borrower State

MI

Borrower Zip

49091-8905

Loan Status Date

12/09/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1195700.00

Current Approval Amount

1195700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33709

Servicing Lender Name

Century Bank and Trust

Servicing Lender Address

100 W Chicago St

Servicing Lender City

COLDWATER

Servicing Lender State

MI

Servicing Lender Zip

49036-1899

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

STURGIS

Project County Name

SAINT JOSEPH

Project State

MI

Project Zip

49091-8905

CD

MI-06

Jobs Reported

160

NAICS Code

334512

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1195700.00

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

33709

Originating Lender

Century Bank and Trust

Originating Lender City

COLDWATER

Originating Lender State

MI

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1203169.03

Forgiveness Date

11/23/2020

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