PPP Loan information for Invest detroit foundation

$733,422

Invest detroit foundation was initially approved for PPP Loan of amount $733,422, the current approved amount is $733,422. The loan was approved on 04/10/2020 by The JPMorgan Chase Bank, National Association reported 33 jobs and $733,422 was used to fund payroll.

Invest detroit foundation is Existing or more than 2 years old

PPP Loan Search / MI / Detroit / Invest detroit foundation

INVEST DETROIT FOUNDATION

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

INVEST DETROIT FOUNDATION

Borrower Address

600 Renaissance Center, Suite 1710 0.0

Borrower City

Detroit

Borrower State

MI

Borrower Zip

48243-1802

Loan Status Date

01/22/2022

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

733422.00

Current Approval Amount

733422.00

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

N

Business Age Description

Existing or more than 2 years old

Project City

Detroit

Project County Name

WAYNE

Project State

MI

Project Zip

48243-1802

CD

MI-13

Jobs Reported

33

NAICS Code

522298

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

2000.00

Payroll Proceed

657422.00

Mortgage Interest Proceed

14000.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

60000

Business Type

Non-Profit Organization

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

Y

Forgiveness Amount

748715.48

Forgiveness Date

05/17/2022

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