PPP Loan information for Somerset lending corp.

$132,077

Somerset lending corp. was initially approved for PPP Loan of amount $132,077, the current approved amount is $132,077. The loan was approved on 05/01/2020 by The Bank of America, National Association reported 22 jobs and $132,077 was used to fund payroll.

Somerset lending corp. is New Business or 2 years or less

PPP Loan Search / MI / ROCHESTER / Somerset lending corp.

SOMERSET LENDING CORP.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SOMERSET LENDING CORP.

Borrower Address

640 W UNIVERSITY DR

Borrower City

ROCHESTER

Borrower State

MI

Borrower Zip

48307-1850

Loan Status Date

08/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

132077.00

Current Approval Amount

132077.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

9551

Servicing Lender Name

Bank of America, National Association

Servicing Lender Address

100 N Tryon St, Ste 170

Servicing Lender City

CHARLOTTE

Servicing Lender State

NC

Servicing Lender Zip

28202-4024

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

New Business or 2 years or less

Project City

ROCHESTER

Project County Name

OAKLAND

Project State

MI

Project Zip

48307-1850

CD

MI-10

Jobs Reported

22

NAICS Code

522292

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

132077.00

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

Corporation

Originating Lender Location Id

9551

Originating Lender

Bank of America, National Association

Originating Lender City

CHARLOTTE

Originating Lender State

NC

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

133607.65

Forgiveness Date

07/02/2021

;