PPP Loan information for Gorman's furniture, inc.

$878,023

Gorman's furniture, inc. was initially approved for PPP Loan of amount $878,023, the current approved amount is $878,023. The loan was approved on 05/01/2020 by The Oxford Bank reported 59 jobs and $878,023 was used to fund payroll.

Gorman's furniture, inc. is Existing or more than 2 years old

PPP Loan Search / MI / FARMINGTON HILLS / Gorman's furniture, inc.

GORMAN'S FURNITURE, INC.

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

GORMAN'S FURNITURE, INC.

Borrower Address

23231 INDUSTRIAL PARK DR

Borrower City

FARMINGTON HILLS

Borrower State

MI

Borrower Zip

48335-2844

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

878022.62

Current Approval Amount

878022.62

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36206

Servicing Lender Name

Oxford Bank

Servicing Lender Address

60 S Washington St

Servicing Lender City

OXFORD

Servicing Lender State

MI

Servicing Lender Zip

48371-4972

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARMINGTON HILLS

Project County Name

OAKLAND

Project State

MI

Project Zip

48335-2844

CD

MI-11

Jobs Reported

59

NAICS Code

442110

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

878022.62

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

36206

Originating Lender

Oxford Bank

Originating Lender City

OXFORD

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

885437.03

Forgiveness Date

03/15/2021

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