PPP Loan information for Automatic equip sales & services, inc.

$312,232

Automatic equip sales & services, inc. was initially approved for PPP Loan of amount $312,232, the current approved amount is $312,232. The loan was approved on 04/16/2020 by The ChoiceOne Bank reported 18 jobs and $312,232 was used to fund payroll.

Automatic equip sales & services, inc. is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Automatic equip sales & services, inc.

AUTOMATIC EQUIP SALES & SERVICES, INC.

Date Approved

04/16/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

AUTOMATIC EQUIP SALES & SERVICES, INC.

Borrower Address

1747 NORTHRIDGE DR NW

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49544-9130

Loan Status Date

02/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

312232.00

Current Approval Amount

312232.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36482

Servicing Lender Name

ChoiceOne Bank

Servicing Lender Address

109 E Division

Servicing Lender City

SPARTA

Servicing Lender State

MI

Servicing Lender Zip

49345-1337

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49544-9130

CD

MI-03

Jobs Reported

18

NAICS Code

423420

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

312232.00

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

36482

Originating Lender

ChoiceOne Bank

Originating Lender City

SPARTA

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

314541.66

Forgiveness Date

01/25/2021

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