PPP Loan information for Vertex steel inc.

$490,242

Vertex steel inc. was initially approved for PPP Loan of amount $490,242, the current approved amount is $490,242. The loan was approved on 03/30/2021 by The Loan Source Incorporated reported 33 jobs and $490,242 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

03/30/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

VERTEX STEEL INC.

Borrower Address

2175 Fyke Dr

Borrower City

Milford

Borrower State

MI

Borrower Zip

48381-3687

Loan Status Date

04/15/2023

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

490242.00

Current Approval Amount

490242.00

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

48381-3687

CD

MI-07

Jobs Reported

33

NAICS Code

331222

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

490240.00

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

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

499952.82

Forgiveness Date

04/03/2023

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