PPP Loan information for Generation tool inc.

$67,600

Generation tool inc. was initially approved for PPP Loan of amount $67,600, the current approved amount is $67,600. The loan was approved on 02/18/2021 by The Comerica Bank reported 8 jobs and $67,600 was used to fund payroll.

Generation tool inc. is Existing or more than 2 years old

PPP Loan Search / MI / Westland / Generation tool inc.

GENERATION TOOL INC.

Date Approved

02/18/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

GENERATION TOOL INC.

Borrower Address

307 Manufacturers Dr

Borrower City

Westland

Borrower State

MI

Borrower Zip

48186-4038

Loan Status Date

03/26/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

67600.00

Current Approval Amount

67600.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Westland

Project County Name

WAYNE

Project State

MI

Project Zip

48186-4038

CD

MI-12

Jobs Reported

8

NAICS Code

333249

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

67599.00

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

67953.02

Forgiveness Date

08/27/2021

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