PPP Loan information for Laser mechanism inc.

$1,248,400

Laser mechanism inc. was initially approved for PPP Loan of amount $1,248,400, the current approved amount is $1,248,400. The loan was approved on 04/16/2020 by The Fifth Third Bank reported 85 jobs and $1,248,400 was used to fund payroll.

Laser mechanism inc. is Existing or more than 2 years old

PPP Loan Search / MI / NOVI / Laser mechanism inc.

LASER MECHANISM INC.

Date Approved

04/16/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

LASER MECHANISM INC.

Borrower Address

25325 Regency Drive

Borrower City

NOVI

Borrower State

MI

Borrower Zip

48375-2159

Loan Status Date

02/18/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1248400.00

Current Approval Amount

1248400.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

58036

Servicing Lender Name

Fifth Third Bank

Servicing Lender Address

38 Fountain Sq Plz

Servicing Lender City

CINCINNATI

Servicing Lender State

OH

Servicing Lender Zip

45263

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

NOVI

Project County Name

OAKLAND

Project State

MI

Project Zip

48375-2159

CD

MI-06

Jobs Reported

85

NAICS Code

332410

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

1248400.00

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

58036

Originating Lender

Fifth Third Bank

Originating Lender City

CINCINNATI

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1257936.39

Forgiveness Date

01/28/2021

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