PPP Loan information for Detroit engineered products inc.

$1,890,715

Detroit engineered products inc. was initially approved for PPP Loan of amount $1,890,715, the current approved amount is $1,890,715. The loan was approved on 01/20/2021 by The Bank of Ann Arbor reported 126 jobs and $1,890,715 was used to fund payroll.

Detroit engineered products inc. is Existing or more than 2 years old

PPP Loan Search / MI / Troy / Detroit engineered products inc.

DETROIT ENGINEERED PRODUCTS INC.

Date Approved

01/20/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

DETROIT ENGINEERED PRODUCTS INC.

Borrower Address

850 E Long Lake Rd

Borrower City

Troy

Borrower State

MI

Borrower Zip

48085-4875

Loan Status Date

03/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

1890715.00

Current Approval Amount

1890715.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119903

Servicing Lender Name

Bank of Ann Arbor

Servicing Lender Address

125 S Fifth Ave

Servicing Lender City

ANN ARBOR

Servicing Lender State

MI

Servicing Lender Zip

48104-1910

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Troy

Project County Name

OAKLAND

Project State

MI

Project Zip

48085-4875

CD

MI-11

Jobs Reported

126

NAICS Code

541511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

1890710.00

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

119903

Originating Lender

Bank of Ann Arbor

Originating Lender City

ANN ARBOR

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1910502.76

Forgiveness Date

02/14/2022

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