PPP Loan information for Posa-cut corporation

$232,500

Posa-cut corporation was initially approved for PPP Loan of amount $232,500, the current approved amount is $232,500. The loan was approved on 05/01/2020 by The JPMorgan Chase Bank, National Association reported 18 jobs and $232,500 was used to fund payroll.

Posa-cut corporation is Existing or more than 2 years old

PPP Loan Search / MI / FARMINGTON HILLS / Posa-cut corporation

POSA-CUT CORPORATION

Date Approved

05/01/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

POSA-CUT CORPORATION

Borrower Address

23600 HAGGERTY RD

Borrower City

FARMINGTON HILLS

Borrower State

MI

Borrower Zip

48335

Loan Status Date

04/23/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

232500.00

Current Approval Amount

232500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

48270

Servicing Lender Name

JPMorgan Chase Bank, National Association

Servicing Lender Address

1111 Polaris Pkwy

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43240-2031

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

48335-0899

CD

MI-11

Jobs Reported

18

NAICS Code

333517

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

7500.00

Payroll Proceed

200000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

25000.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

48270

Originating Lender

JPMorgan Chase Bank, National Association

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

234386.09

Forgiveness Date

02/24/2021

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