PPP Loan information for Capital induction inc.

$173,200

Capital induction inc. was initially approved for PPP Loan of amount $173,200, the current approved amount is $173,200. The loan was approved on 03/31/2021 by The First State Bank reported 11 jobs and $173,200 was used to fund payroll.

Capital induction inc. is Existing or more than 2 years old

PPP Loan Search / MI / Sterling Heights / Capital induction inc.

CAPITAL INDUCTION INC.

Date Approved

03/31/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

CAPITAL INDUCTION INC.

Borrower Address

6505 Diplomat Dr

Borrower City

Sterling Heights

Borrower State

MI

Borrower Zip

48314-1421

Loan Status Date

05/10/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

173200.00

Current Approval Amount

173200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34492

Servicing Lender Name

First State Bank

Servicing Lender Address

16100 E Nine Mile Rd

Servicing Lender City

EASTPOINTE

Servicing Lender State

MI

Servicing Lender Zip

48021-2321

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Sterling Heights

Project County Name

MACOMB

Project State

MI

Project Zip

48314-1421

CD

MI-10

Jobs Reported

11

NAICS Code

334416

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

173200.00

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

34492

Originating Lender

First State Bank

Originating Lender City

EASTPOINTE

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

174979.45

Forgiveness Date

04/12/2022

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