PPP Loan information for Orchard lake automotive center inc.

$86,122

Orchard lake automotive center inc. was initially approved for PPP Loan of amount $86,122, the current approved amount is $86,122. The loan was approved on 04/08/2020 by The The State Bank reported 8 jobs and $86,122 was used to fund payroll.

Orchard lake automotive center inc. is Existing or more than 2 years old

PPP Loan Search / MI / FARMINGTON HILLS / Orchard lake automotive center inc.

ORCHARD LAKE AUTOMOTIVE CENTER INC.

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ORCHARD LAKE AUTOMOTIVE CENTER INC.

Borrower Address

28799 ORCHARD LAKE RD

Borrower City

FARMINGTON HILLS

Borrower State

MI

Borrower Zip

48334-2956

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

86122.00

Current Approval Amount

86122.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

34774

Servicing Lender Name

The State Bank

Servicing Lender Address

101 N Leroy St

Servicing Lender City

FENTON

Servicing Lender State

MI

Servicing Lender Zip

48430-3804

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FARMINGTON HILLS

Project County Name

OAKLAND

Project State

MI

Project Zip

48334-2956

CD

MI-11

Jobs Reported

8

NAICS Code

811111

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

86122.00

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

34774

Originating Lender

The State Bank

Originating Lender City

FENTON

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

86742.55

Forgiveness Date

01/07/2021

;