PPP Loan information for Michigan arc products corp

$192,965

Michigan arc products corp was initially approved for PPP Loan of amount $192,965, the current approved amount is $192,965. The loan was approved on 03/03/2021 by The PNC Bank, National Association reported 9 jobs and $192,965 was used to fund payroll.

Michigan arc products corp is Existing or more than 2 years old

PPP Loan Search / MI / Troy / Michigan arc products corp

MICHIGAN ARC PRODUCTS CORP

Date Approved

03/03/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

MICHIGAN ARC PRODUCTS CORP

Borrower Address

2040 Austin Dr 2040 Austin Dr

Borrower City

Troy

Borrower State

MI

Borrower Zip

48083-2209

Loan Status Date

11/11/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

192965.00

Current Approval Amount

192965.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

44449

Servicing Lender Name

PNC Bank, National Association

Servicing Lender Address

222 Delaware Ave

Servicing Lender City

WILMINGTON

Servicing Lender State

DE

Servicing Lender Zip

19801-1621

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Troy

Project County Name

OAKLAND

Project State

MI

Project Zip

48083-2209

CD

MI-11

Jobs Reported

9

NAICS Code

423830

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1.00

Payroll Proceed

192963.00

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

44449

Originating Lender

PNC Bank, National Association

Originating Lender City

WILMINGTON

Originating Lender State

DE

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

194197.83

Forgiveness Date

10/27/2021

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