PPP Loan information for Universal induction inc.

$49,010

Universal induction inc. was initially approved for PPP Loan of amount $49,010, the current approved amount is $49,010. The loan was approved on 01/29/2021 by The Horizon Bank reported 9 jobs and $49,010 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

01/29/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

UNIVERSAL INDUCTION INC.

Borrower Address

352 W Britain Ave

Borrower City

Benton Harbor

Borrower State

MI

Borrower Zip

49022-5002

Loan Status Date

10/09/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

49010.00

Current Approval Amount

49010.00

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

Y

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

49022-5002

CD

MI-06

Jobs Reported

9

NAICS Code

332811

Race

Unanswered

Ethnicity

Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

49005.00

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

23955

Originating Lender

Horizon Bank

Originating Lender City

MICHIGAN CITY

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

49305.40

Forgiveness Date

09/10/2021

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