PPP Loan information for American gear & engineering company inc

$633,355

American gear & engineering company inc was initially approved for PPP Loan of amount $633,355, the current approved amount is $633,355. The loan was approved on 01/26/2021 by The Northstar Bank reported 46 jobs and $633,355 was used to fund payroll.

American gear & engineering company inc is Existing or more than 2 years old

PPP Loan Search / MI / Westland / American gear & engineering company inc

AMERICAN GEAR & ENGINEERING COMPANY INC

Date Approved

01/26/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

AMERICAN GEAR & ENGINEERING COMPANY INC

Borrower Address

38200 Abruzzi Dr

Borrower City

Westland

Borrower State

MI

Borrower Zip

48185-3280

Loan Status Date

12/07/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

633355.00

Current Approval Amount

633355.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

222717

Servicing Lender Name

Northstar Bank

Servicing Lender Address

833 S Van Dyke Rd

Servicing Lender City

Bad Axe

Servicing Lender State

MI

Servicing Lender Zip

48413-9604

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Westland

Project County Name

WAYNE

Project State

MI

Project Zip

48185-3280

CD

MI-12

Jobs Reported

46

NAICS Code

333612

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

633355.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

222717

Originating Lender

Northstar Bank

Originating Lender City

Bad Axe

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

638615.37

Forgiveness Date

11/26/2021

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