PPP Loan information for Systrand manufacturing corp

$2,443,277

Systrand manufacturing corp was initially approved for PPP Loan of amount $2,443,277, the current approved amount is $2,443,277. The loan was approved on 04/09/2020 by The JPMorgan Chase Bank, National Association reported 204 jobs and $2,443,277 was used to fund payroll.

Systrand manufacturing corp is Existing or more than 2 years old

PPP Loan Search / MI / Brownstown / Systrand manufacturing corp

SYSTRAND MANUFACTURING CORP

Date Approved

04/09/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SYSTRAND MANUFACTURING CORP

Borrower Address

19050 Allen Rd. 0.0

Borrower City

Brownstown

Borrower State

MI

Borrower Zip

48183-1002

Loan Status Date

07/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

2443277.00

Current Approval Amount

2443277.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Brownstown

Project County Name

WAYNE

Project State

MI

Project Zip

48183-1002

CD

MI-06

Jobs Reported

204

NAICS Code

336310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

130125.00

Payroll Proceed

1832999.00

Mortgage Interest Proceed

253303.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

190850.00

Debt Interest Proceed

36000

Business Type

Sole Proprietorship

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

2471677.38

Forgiveness Date

06/11/2021

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