PPP Loan information for Bannasch welding inc

$85,822

Bannasch welding inc was initially approved for PPP Loan of amount $85,822, the current approved amount is $85,822. The loan was approved on 01/20/2021 by The Lake Trust CU reported 8 jobs and $85,822 was used to fund payroll.

Bannasch welding inc is Existing or more than 2 years old

PPP Loan Search / MI / Lansing / Bannasch welding inc

BANNASCH WELDING INC

Date Approved

01/20/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

BANNASCH WELDING INC

Borrower Address

807 Lake Lansing Rd

Borrower City

Lansing

Borrower State

MI

Borrower Zip

48906-4293

Loan Status Date

10/16/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

85822.00

Current Approval Amount

85822.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

98829

Servicing Lender Name

Lake Trust CU

Servicing Lender Address

4605 S Old US Hwy 23

Servicing Lender City

BRIGHTON

Servicing Lender State

MI

Servicing Lender Zip

48114-7521

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Lansing

Project County Name

INGHAM

Project State

MI

Project Zip

48906-4293

CD

MI-07

Jobs Reported

8

NAICS Code

541990

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

85820.00

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

98829

Originating Lender

Lake Trust CU

Originating Lender City

BRIGHTON

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

86370.31

Forgiveness Date

09/14/2021

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