PPP Loan information for Resource recycling systems, incorporated

$821,200

Resource recycling systems, incorporated was initially approved for PPP Loan of amount $821,200, the current approved amount is $821,200. The loan was approved on 04/28/2020 by The Comerica Bank reported 47 jobs and $821,200 was used to fund payroll.

Resource recycling systems, incorporated is Existing or more than 2 years old

PPP Loan Search / MI / Ann Arbor / Resource recycling systems, incorporated

RESOURCE RECYCLING SYSTEMS, INCORPORATED

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

RESOURCE RECYCLING SYSTEMS, INCORPORATED

Borrower Address

416 Longshore Drive,

Borrower City

Ann Arbor

Borrower State

MI

Borrower Zip

48105-1624

Loan Status Date

08/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

821200.00

Current Approval Amount

821200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Ann Arbor

Project County Name

WASHTENAW

Project State

MI

Project Zip

48105-1624

CD

MI-06

Jobs Reported

47

NAICS Code

541620

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

656966.00

Mortgage Interest Proceed

164234.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Subchapter S Corporation

Originating Lender Location Id

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

831236.89

Forgiveness Date

07/15/2021

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