PPP Loan information for Universal induction, inc.

$47,749

Universal induction, inc. was initially approved for PPP Loan of amount $52,452, the current approved amount is $47,749. The loan was approved on 04/10/2020 by The Horizon Bank reported 9 jobs and $47,749 was used to fund payroll.

Universal induction, inc. is Existing or more than 2 years old

PPP Loan Search / MI / BENTON HARBOR / Universal induction, inc.

UNIVERSAL INDUCTION, INC.

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

UNIVERSAL INDUCTION, INC.

Borrower Address

352 W Britan Ave

Borrower City

BENTON HARBOR

Borrower State

MI

Borrower Zip

49022

Loan Status Date

03/09/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

52452.00

Current Approval Amount

47749.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

23955

Servicing Lender Name

Horizon Bank

Servicing Lender Address

515 Franklin Sq

Servicing Lender City

MICHIGAN CITY

Servicing Lender State

IN

Servicing Lender Zip

46360-3328

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

BENTON HARBOR

Project County Name

BERRIEN

Project State

MI

Project Zip

49022-0389

CD

MI-06

Jobs Reported

9

NAICS Code

332811

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

4775.00

Payroll Proceed

38199.00

Mortgage Interest Proceed

0.00

Rent Proceed

4775.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

38989.99

Forgiveness Date

12/15/2020

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