PPP Loan information for True industrial corporation

$511,400

True industrial corporation was initially approved for PPP Loan of amount $511,400, the current approved amount is $511,400. The loan was approved on 01/25/2021 by The Comerica Bank reported 32 jobs and $511,400 was used to fund payroll.

True industrial corporation is Existing or more than 2 years old

PPP Loan Search / MI / Roseville / True industrial corporation

TRUE INDUSTRIAL CORPORATION

Date Approved

01/25/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

TRUE INDUSTRIAL CORPORATION

Borrower Address

15300 E 12 Mile Rd

Borrower City

Roseville

Borrower State

MI

Borrower Zip

48066-1835

Loan Status Date

11/06/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

511400.00

Current Approval Amount

511400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Roseville

Project County Name

MACOMB

Project State

MI

Project Zip

48066-1835

CD

MI-10

Jobs Reported

32

NAICS Code

333514

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

511397.00

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

514908.77

Forgiveness Date

10/04/2021

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