PPP Loan information for Royal arc welding co.

$329,536

Royal arc welding co. was initially approved for PPP Loan of amount $329,536, the current approved amount is $329,536. The loan was approved on 02/26/2021 by The First Merchants Bank reported 20 jobs and $329,536 was used to fund payroll.

Royal arc welding co. is Existing or more than 2 years old

PPP Loan Search / MI / Flat Rock / Royal arc welding co.

ROYAL ARC WELDING CO.

Date Approved

02/26/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

ROYAL ARC WELDING CO.

Borrower Address

23851 Vreeland Rd

Borrower City

Flat Rock

Borrower State

MI

Borrower Zip

48134-9409

Loan Status Date

12/21/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

329536.12

Current Approval Amount

329536.12

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Flat Rock

Project County Name

WAYNE

Project State

MI

Project Zip

48134-9409

CD

MI-06

Jobs Reported

20

NAICS Code

332312

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

329532.12

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

331856.42

Forgiveness Date

11/16/2021

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