Date Approved
04/27/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
FORDSELL MACHINE PRODUCTS COMPANY, INC.
Borrower Address
30400 Ryan Road
Borrower City
Warren
Borrower State
MI
Borrower Zip
48092-1947
Loan Status Date
02/16/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
297100.00
Current Approval Amount
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
33850
Servicing Lender Name
Comerica Bank
Servicing Lender Address
1717 Main St
Servicing Lender City
DALLAS
Servicing Lender State
TX
Servicing Lender Zip
75201-4612
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
Business Age Description
Existing or more than 2 years old
Project City
Project County Name
MACOMB
Project State
Project Zip
CD
MI-10
Jobs Reported
20
NAICS Code
332721
Race
White
Ethnicity
Unknown/NotStated
Utilities Proceed
Payroll Proceed
237712.00
Mortgage Interest Proceed
59388.00
Rent Proceed
Refinance EIDL Proceed
Health Care Proceed
Debt Interest Proceed
0
Business Type
Subchapter S Corporation
Originating Lender Location Id
Originating Lender
Originating Lender City
Originating Lender State
Gender
Unanswered
Veteran
Non Profit
Forgiveness Amount
299270.48
Forgiveness Date
01/20/2021