PPP Loan information for Vertex steel, inc

$726,600

Vertex steel, inc was initially approved for PPP Loan of amount $726,600, the current approved amount is $726,600. The loan was approved on 06/23/2020 by The Loan Source Incorporated reported 31 jobs and $726,600 was used to fund payroll.

Vertex steel, inc is Existing or more than 2 years old

PPP Loan Search / MI / Milford / Vertex steel, inc

VERTEX STEEL, INC

Date Approved

06/23/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

VERTEX STEEL, INC

Borrower Address

2175 Fyke Dr.

Borrower City

Milford

Borrower State

MI

Borrower Zip

48381

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

726600.00

Current Approval Amount

726600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Milford

Project County Name

OAKLAND

Project State

MI

Project Zip

48381-0001

CD

MI-07

Jobs Reported

31

NAICS Code

331222

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

726600.00

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

49887

Originating Lender

Flagstar Bank National Association

Originating Lender City

HICKSVILLE

Originating Lender State

NY

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

736314.54

Forgiveness Date

10/28/2021

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