PPP Loan information for Ferrante manufacturing co.

$517,075

Ferrante manufacturing co. was initially approved for PPP Loan of amount $517,075, the current approved amount is $517,075. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 31 jobs and $517,075 was used to fund payroll.

Ferrante manufacturing co. is Existing or more than 2 years old

PPP Loan Search / MI / Detroit / Ferrante manufacturing co.

FERRANTE MANUFACTURING CO.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

FERRANTE MANUFACTURING CO.

Borrower Address

6626 Gratiot Ave

Borrower City

Detroit

Borrower State

MI

Borrower Zip

48207

Loan Status Date

09/30/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

517075.00

Current Approval Amount

517075.00

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

48207-0001

CD

MI-13

Jobs Reported

31

NAICS Code

337212

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

28000.00

Payroll Proceed

378438.00

Mortgage Interest Proceed

0.00

Rent Proceed

22200.00

Refinance EIDL Proceed

0.00

Health Care Proceed

73020.00

Debt Interest Proceed

15417

Business Type

Corporation

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

523676.61

Forgiveness Date

08/16/2021

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