PPP Loan information for Solaronics inc.

$400,000

Solaronics inc. was initially approved for PPP Loan of amount $400,000, the current approved amount is $400,000. The loan was approved on 03/13/2021 by The The Huntington National Bank reported 30 jobs and $400,000 was used to fund payroll.

Solaronics inc. is Existing or more than 2 years old

PPP Loan Search / MI / Auburn Hills / Solaronics inc.

SOLARONICS INC.

Date Approved

03/13/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

SOLARONICS INC.

Borrower Address

3720 Lapeer Rd

Borrower City

Auburn Hills

Borrower State

MI

Borrower Zip

48326-1732

Loan Status Date

11/17/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

400000.00

Current Approval Amount

400000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Auburn Hills

Project County Name

OAKLAND

Project State

MI

Project Zip

48326-1732

CD

MI-11

Jobs Reported

30

NAICS Code

333994

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

399998.00

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

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

402465.75

Forgiveness Date

10/27/2021

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