PPP Loan information for Detroit manufacturing systems, llc

$8,185,662

Detroit manufacturing systems, llc was initially approved for PPP Loan of amount $10,000,000, the current approved amount is $8,185,662. The loan was approved on 04/10/2020 by The JPMorgan Chase Bank, National Association reported 500 jobs and $8,185,662 was used to fund payroll.

Detroit manufacturing systems, llc is Existing or more than 2 years old

PPP Loan Search / MI / Detroit / Detroit manufacturing systems, llc

DETROIT MANUFACTURING SYSTEMS, LLC

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DETROIT MANUFACTURING SYSTEMS, LLC

Borrower Address

12701 Southfield Road Building A

Borrower City

Detroit

Borrower State

MI

Borrower Zip

48223-3599

Loan Status Date

09/25/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

10000000.00

Current Approval Amount

8185662.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Detroit

Project County Name

WAYNE

Project State

MI

Project Zip

48223-3599

CD

MI-12

Jobs Reported

500

NAICS Code

336360

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

206655.00

Payroll Proceed

6250613.00

Mortgage Interest Proceed

0.00

Rent Proceed

409941.00

Refinance EIDL Proceed

0.00

Health Care Proceed

1318453.00

Debt Interest Proceed

0

Business Type

Limited Liability Company(LLC)

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

8294849.64

Forgiveness Date

08/16/2021

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