PPP Loan information for Verstar group inc

$898,600

Verstar group inc was initially approved for PPP Loan of amount $898,600, the current approved amount is $898,600. The loan was approved on 05/07/2021 by The Comerica Bank reported 47 jobs and $898,600 was used to fund payroll.

Verstar group inc is Existing or more than 2 years old

VERSTAR GROUP INC

Date Approved

05/07/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

VERSTAR GROUP INC

Borrower Address

50305 Patricia St

Borrower City

Chesterfield

Borrower State

MI

Borrower Zip

48051-3803

Loan Status Date

10/08/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

898600.00

Current Approval Amount

898600.00

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

Chesterfield

Project County Name

MACOMB

Project State

MI

Project Zip

48051-3803

CD

MI-09

Jobs Reported

47

NAICS Code

333514

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

898598.00

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

910481.49

Forgiveness Date

09/08/2022

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