PPP Loan information for Kbc tools incorporated

$428,375

Kbc tools incorporated was initially approved for PPP Loan of amount $428,375, the current approved amount is $428,375. The loan was approved on 02/24/2021 by The JPMorgan Chase Bank, National Association reported 36 jobs and $428,375 was used to fund payroll.

Kbc tools incorporated is Existing or more than 2 years old

PPP Loan Search / MI / Sterling Heights / Kbc tools incorporated

KBC TOOLS INCORPORATED

Date Approved

02/24/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

KBC TOOLS INCORPORATED

Borrower Address

6300 18 Mile Rd

Borrower City

Sterling Heights

Borrower State

MI

Borrower Zip

48314-4208

Loan Status Date

12/18/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

428375.00

Current Approval Amount

428375.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Sterling Heights

Project County Name

MACOMB

Project State

MI

Project Zip

48314-4208

CD

MI-10

Jobs Reported

36

NAICS Code

423830

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

428370.00

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

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Female Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

431371.96

Forgiveness Date

11/10/2021

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