PPP Loan information for Royal arc welding company

$329,535

Royal arc welding company was initially approved for PPP Loan of amount $329,535, the current approved amount is $329,535. The loan was approved on 04/13/2020 by The The Huntington National Bank reported 20 jobs and $329,535 was used to fund payroll.

Royal arc welding company is Existing or more than 2 years old

PPP Loan Search / MI / FLAT ROCK / Royal arc welding company

ROYAL ARC WELDING COMPANY

Date Approved

04/13/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

ROYAL ARC WELDING COMPANY

Borrower Address

23851 Vreeland

Borrower City

FLAT ROCK

Borrower State

MI

Borrower Zip

48134

Loan Status Date

11/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

329535.00

Current Approval Amount

329535.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

57328

Servicing Lender Name

The Huntington National Bank

Servicing Lender Address

17 S High St.

Servicing Lender City

COLUMBUS

Servicing Lender State

OH

Servicing Lender Zip

43215-3413

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

FLAT ROCK

Project County Name

WAYNE

Project State

MI

Project Zip

48134-0001

CD

MI-06

Jobs Reported

20

NAICS Code

332999

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

329535.00

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

Subchapter S Corporation

Originating Lender Location Id

57328

Originating Lender

The Huntington National Bank

Originating Lender City

COLUMBUS

Originating Lender State

OH

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

332117.11

Forgiveness Date

02/04/2021

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