PPP Loan information for Michaels inc

$1,026,281

Michaels inc was initially approved for PPP Loan of amount $1,026,281, the current approved amount is $1,026,281. The loan was approved on 04/15/2020 by The Bankwell Bank reported 96 jobs and $1,026,281 was used to fund payroll.

Michaels inc is Existing or more than 2 years old

PPP Loan Search / CT / WATERBURY / Michaels inc

MICHAELS INC

Date Approved

04/15/2020

SBA Office Code

0156

Processing Method

PPP

Borrower Name

MICHAELS INC

Borrower Address

150 MATTATUCK HEIGHTS RD STE 3

Borrower City

WATERBURY

Borrower State

CT

Borrower Zip

06705

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1026281.23

Current Approval Amount

1026281.23

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

262358

Servicing Lender Name

Bankwell Bank

Servicing Lender Address

156 Cherry St

Servicing Lender City

New Canaan

Servicing Lender State

CT

Servicing Lender Zip

06840

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

WATERBURY

Project County Name

NEW HAVEN

Project State

CT

Project Zip

06705-0001

CD

CT-05

Jobs Reported

96

NAICS Code

448310

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

21251.23

Payroll Proceed

881832.00

Mortgage Interest Proceed

0.00

Rent Proceed

118094.00

Refinance EIDL Proceed

0.00

Health Care Proceed

5104.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

262358

Originating Lender

Bankwell Bank

Originating Lender City

New Canaan

Originating Lender State

CT

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1032609.96

Forgiveness Date

11/27/2020

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