PPP Loan information for Detroit power systems, llc

$496,047

Detroit power systems, llc was initially approved for PPP Loan of amount $496,047, the current approved amount is $496,047. The loan was approved on 04/15/2020 by The Independent Bank reported 25 jobs and $496,047 was used to fund payroll.

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

PPP Loan Search / MI / DETROIT / Detroit power systems, llc

DETROIT POWER SYSTEMS, LLC

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

DETROIT POWER SYSTEMS, LLC

Borrower Address

622 W BALTIMORE ST

Borrower City

DETROIT

Borrower State

MI

Borrower Zip

48202-2902

Loan Status Date

12/09/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

496047.00

Current Approval Amount

496047.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

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

48202-2902

CD

MI-13

Jobs Reported

25

NAICS Code

236220

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

496047.00

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

Limited Liability Company(LLC)

Originating Lender Location Id

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

498996.10

Forgiveness Date

11/27/2020

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