PPP Loan information for American hydrostatics distribution, inc.

$607,500

American hydrostatics distribution, inc. was initially approved for PPP Loan of amount $607,500, the current approved amount is $607,500. The loan was approved on 01/25/2021 by The First Merchants Bank reported 48 jobs and $607,500 was used to fund payroll.

American hydrostatics distribution, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Troy / American hydrostatics distribution, inc.

AMERICAN HYDROSTATICS DISTRIBUTION, INC.

Date Approved

01/25/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

AMERICAN HYDROSTATICS DISTRIBUTION, INC.

Borrower Address

3221 W Big Beaver Rd Ste 119

Borrower City

Troy

Borrower State

MI

Borrower Zip

48084-2810

Loan Status Date

Loan Status

Exemption 4

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

607500.00

Current Approval Amount

607500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Troy

Project County Name

OAKLAND

Project State

MI

Project Zip

48084-2810

CD

MI-11

Jobs Reported

48

NAICS Code

221111

Race

Asian

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

607495.00

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

Corporation

Originating Lender Location Id

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

281038.28

Forgiveness Date

02/25/2022

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