PPP Loan information for Farec, inc.

$64,090

Farec, inc. was initially approved for PPP Loan of amount $64,090, the current approved amount is $64,090. The loan was approved on 02/10/2021 by The Loan Source Incorporated reported 26 jobs and $64,090 was used to fund payroll.

Farec, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Farmington Hills / Farec, inc.

FAREC, INC.

Date Approved

02/10/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

FAREC, INC.

Borrower Address

30250 W 9 Mile Rd

Borrower City

Farmington Hills

Borrower State

MI

Borrower Zip

48336-4816

Loan Status Date

02/18/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

64090.00

Current Approval Amount

64090.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

188567

Servicing Lender Name

Loan Source Incorporated

Servicing Lender Address

353 East 83rd Street Suite 3H

Servicing Lender City

NEW YORK

Servicing Lender State

NY

Servicing Lender Zip

10028

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Farmington Hills

Project County Name

OAKLAND

Project State

MI

Project Zip

48336-4816

CD

MI-11

Jobs Reported

26

NAICS Code

713950

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

64086.00

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

29599

Originating Lender

Northeast Bank

Originating Lender City

LEWISTON

Originating Lender State

ME

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

64565.85

Forgiveness Date

11/16/2021

;