PPP Loan information for Transverse investments, llc & albar industries, inc.

$1,441,150

Transverse investments, llc & albar industries, inc. was initially approved for PPP Loan of amount $1,441,150, the current approved amount is $1,441,150. The loan was approved on 04/08/2020 by The ChoiceOne Bank reported 204 jobs and $1,441,150 was used to fund payroll.

Transverse investments, llc & albar industries, inc. is Existing or more than 2 years old

PPP Loan Search / MI / LAPEER / Transverse investments, llc & albar industries, inc.

TRANSVERSE INVESTMENTS, LLC & ALBAR INDUSTRIES, INC.

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

TRANSVERSE INVESTMENTS, LLC & ALBAR INDUSTRIES, INC.

Borrower Address

780 WHITNEY DR

Borrower City

LAPEER

Borrower State

MI

Borrower Zip

48446-2565

Loan Status Date

04/20/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1441150.00

Current Approval Amount

1441150.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36482

Servicing Lender Name

ChoiceOne Bank

Servicing Lender Address

109 E Division

Servicing Lender City

SPARTA

Servicing Lender State

MI

Servicing Lender Zip

49345-1337

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

LAPEER

Project County Name

LAPEER

Project State

MI

Project Zip

48446-2565

CD

MI-10

Jobs Reported

204

NAICS Code

531190

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1441150.00

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

36482

Originating Lender

ChoiceOne Bank

Originating Lender City

SPARTA

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1454850.80

Forgiveness Date

03/31/2021

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