PPP Loan information for Midwest brake bond co.

$500,000

Midwest brake bond co. was initially approved for PPP Loan of amount $500,000, the current approved amount is $500,000. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 29 jobs and $500,000 was used to fund payroll.

Midwest brake bond co. is Existing or more than 2 years old

PPP Loan Search / MI / WARREN / Midwest brake bond co.

MIDWEST BRAKE BOND CO.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MIDWEST BRAKE BOND CO.

Borrower Address

26255 GROESBECK HWY

Borrower City

WARREN

Borrower State

MI

Borrower Zip

48089

Loan Status Date

05/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

500000.00

Current Approval Amount

500000.00

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

WARREN

Project County Name

MACOMB

Project State

MI

Project Zip

48089-0899

CD

MI-10

Jobs Reported

29

NAICS Code

336340

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

26200.00

Payroll Proceed

400000.00

Mortgage Interest Proceed

1800.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

72000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

504913.61

Forgiveness Date

04/28/2021

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