PPP Loan information for Avalon nonprofit housing corporation

$771,635

Avalon nonprofit housing corporation was initially approved for PPP Loan of amount $771,635, the current approved amount is $771,635. The loan was approved on 04/10/2020 by The Chelsea State Bank reported 87 jobs and $771,635 was used to fund payroll.

Avalon nonprofit housing corporation is Existing or more than 2 years old

PPP Loan Search / MI / ANN ARBOR / Avalon nonprofit housing corporation

AVALON NONPROFIT HOUSING CORPORATION

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

AVALON NONPROFIT HOUSING CORPORATION

Borrower Address

1327 JONES DR STE 102

Borrower City

ANN ARBOR

Borrower State

MI

Borrower Zip

48105-1820

Loan Status Date

05/22/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

771634.65

Current Approval Amount

771634.65

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33691

Servicing Lender Name

Chelsea State Bank

Servicing Lender Address

1010 S Main St

Servicing Lender City

CHELSEA

Servicing Lender State

MI

Servicing Lender Zip

48118-1435

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

ANN ARBOR

Project County Name

WASHTENAW

Project State

MI

Project Zip

48105-1820

CD

MI-06

Jobs Reported

87

NAICS Code

531110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

3000.00

Payroll Proceed

748634.65

Mortgage Interest Proceed

0.00

Rent Proceed

20000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Non-Profit Organization

Originating Lender Location Id

33691

Originating Lender

Chelsea State Bank

Originating Lender City

CHELSEA

Originating Lender State

MI

Gender

Female Owned

Veteran

Unanswered

Non Profit

Y

Forgiveness Amount

777955.71

Forgiveness Date

02/11/2021

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