PPP Loan information for True industrial corporation

$609,800

True industrial corporation was initially approved for PPP Loan of amount $609,800, the current approved amount is $609,800. The loan was approved on 04/14/2020 by The Comerica Bank reported 41 jobs and $609,800 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

04/14/2020

SBA Office Code

0515

Processing Method

PPP

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

04/04/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

609800.00

Current Approval Amount

609800.00

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

41

NAICS Code

333514

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

487880.00

Mortgage Interest Proceed

121920.00

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

540334.29

Forgiveness Date

05/26/2021

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