PPP Loan information for Bearing service, inc.

$732,929

Bearing service, inc. was initially approved for PPP Loan of amount $732,929, the current approved amount is $732,929. The loan was approved on 04/29/2020 by The JPMorgan Chase Bank, National Association reported 52 jobs and $732,929 was used to fund payroll.

Bearing service, inc. is Existing or more than 2 years old

PPP Loan Search / MI / LIVONIA / Bearing service, inc.

BEARING SERVICE, INC.

Date Approved

04/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

BEARING SERVICE, INC.

Borrower Address

12320 Globe St

Borrower City

LIVONIA

Borrower State

MI

Borrower Zip

48150

Loan Status Date

07/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

732929.00

Current Approval Amount

732929.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LIVONIA

Project County Name

WAYNE

Project State

MI

Project Zip

48150-1000

CD

MI-12

Jobs Reported

52

NAICS Code

423840

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

19684.00

Payroll Proceed

585868.00

Mortgage Interest Proceed

0.00

Rent Proceed

57500.00

Refinance EIDL Proceed

0.00

Health Care Proceed

69877.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

740690.31

Forgiveness Date

05/25/2021

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