PPP Loan information for Michigan financial companies, inc.

$615,700

Michigan financial companies, inc. was initially approved for PPP Loan of amount $615,700, the current approved amount is $615,700. The loan was approved on 04/15/2020 by The Mi Bank reported 64 jobs and $615,700 was used to fund payroll.

Michigan financial companies, inc. is Existing or more than 2 years old

PPP Loan Search / MI / SOUTHFIELD / Michigan financial companies, inc.

MICHIGAN FINANCIAL COMPANIES, INC.

Date Approved

04/15/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

MICHIGAN FINANCIAL COMPANIES, INC.

Borrower Address

28411 Northwestern Suite 1300

Borrower City

SOUTHFIELD

Borrower State

MI

Borrower Zip

48034-5543

Loan Status Date

01/13/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

615700.00

Current Approval Amount

615700.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

525601

Servicing Lender Name

Mi Bank

Servicing Lender Address

3707 W Maple

Servicing Lender City

BLOOMFIELD HILLS

Servicing Lender State

MI

Servicing Lender Zip

48301

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SOUTHFIELD

Project County Name

OAKLAND

Project State

MI

Project Zip

48034-5543

CD

MI-12

Jobs Reported

64

NAICS Code

541611

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

1600.00

Payroll Proceed

523100.00

Mortgage Interest Proceed

0.00

Rent Proceed

91000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

525601

Originating Lender

Mi Bank

Originating Lender City

BLOOMFIELD HILLS

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

619562.88

Forgiveness Date

12/08/2020

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