PPP Loan information for Metaltec steel abrasive company

$657,734

Metaltec steel abrasive company was initially approved for PPP Loan of amount $657,734, the current approved amount is $657,734. The loan was approved on 04/10/2020 by The Emigrant Bank reported 44 jobs and $657,734 was used to fund payroll.

Metaltec steel abrasive company is Existing or more than 2 years old

PPP Loan Search / MI / CANTON / Metaltec steel abrasive company

METALTEC STEEL ABRASIVE COMPANY

Date Approved

04/10/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

METALTEC STEEL ABRASIVE COMPANY

Borrower Address

41155 Joy Road

Borrower City

CANTON

Borrower State

MI

Borrower Zip

48187-2094

Loan Status Date

05/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

657734.00

Current Approval Amount

657734.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48902

Servicing Lender Name

Emigrant Bank

Servicing Lender Address

5 E 42nd St

Servicing Lender City

NEW YORK CITY

Servicing Lender State

NY

Servicing Lender Zip

10017-6904

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CANTON

Project County Name

WAYNE

Project State

MI

Project Zip

48187-2094

CD

MI-06

Jobs Reported

44

NAICS Code

327910

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

657734.00

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

48902

Originating Lender

Emigrant Bank

Originating Lender City

NEW YORK CITY

Originating Lender State

NY

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

664509.56

Forgiveness Date

04/28/2021

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