PPP Loan information for Basic technologies inc.

$240,915

Basic technologies inc. was initially approved for PPP Loan of amount $240,915, the current approved amount is $240,915. The loan was approved on 01/27/2021 by The Fifth Third Bank reported 8 jobs and $240,915 was used to fund payroll.

Basic technologies inc. is Existing or more than 2 years old

PPP Loan Search / MI / Farmington Hills / Basic technologies inc.

BASIC TECHNOLOGIES INC.

Date Approved

01/27/2021

SBA Office Code

0515

Processing Method

PPP

Borrower Name

BASIC TECHNOLOGIES INC.

Borrower Address

32811 Middlebelt Rd

Borrower City

Farmington Hills

Borrower State

MI

Borrower Zip

48334-1701

Loan Status Date

05/11/2023

Loan Status

Charged Off

Term

33

SBA Guaranty Percentage

100

Initial Approval Amount

240915.00

Current Approval Amount

240915.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Farmington Hills

Project County Name

OAKLAND

Project State

MI

Project Zip

48334-1701

CD

MI-11

Jobs Reported

8

NAICS Code

541519

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

240909.00

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

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

0.00

Forgiveness Date

;