PPP Loan information for R.e.d. industries inc

$87,004

R.e.d. industries inc was initially approved for PPP Loan of amount $87,004, the current approved amount is $87,004. The loan was approved on 04/08/2021 by The Lake Trust CU reported 6 jobs and $87,004 was used to fund payroll.

R.e.d. industries inc is Existing or more than 2 years old

PPP Loan Search / MI / Hazel Park / R.e.d. industries inc

R.E.D. INDUSTRIES INC

Date Approved

04/08/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

R.E.D. INDUSTRIES INC

Borrower Address

1671 E 9 Mile Rd

Borrower City

Hazel Park

Borrower State

MI

Borrower Zip

48030-1957

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

87003.70

Current Approval Amount

87003.70

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98829

Servicing Lender Name

Lake Trust CU

Servicing Lender Address

4605 S Old US Hwy 23

Servicing Lender City

BRIGHTON

Servicing Lender State

MI

Servicing Lender Zip

48114-7521

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Hazel Park

Project County Name

OAKLAND

Project State

MI

Project Zip

48030-1957

CD

MI-11

Jobs Reported

6

NAICS Code

336390

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

87000.70

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

98829

Originating Lender

Lake Trust CU

Originating Lender City

BRIGHTON

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

87334.80

Forgiveness Date

09/01/2021

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