PPP Loan information for Saras america, inc

$715,877

Saras america, inc was initially approved for PPP Loan of amount $715,877, the current approved amount is $715,877. The loan was approved on 04/28/2020 by The Bank of Ann Arbor reported 31 jobs and $715,877 was used to fund payroll.

Saras america, inc is Existing or more than 2 years old

PPP Loan Search / MI / Farmington Hills / Saras america, inc

SARAS AMERICA, INC

Date Approved

04/28/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SARAS AMERICA, INC

Borrower Address

38345 W. 10 Mile Rd, Suite 300

Borrower City

Farmington Hills

Borrower State

MI

Borrower Zip

48335-2837

Loan Status Date

05/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

715877.00

Current Approval Amount

715877.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

119903

Servicing Lender Name

Bank of Ann Arbor

Servicing Lender Address

125 S Fifth Ave

Servicing Lender City

ANN ARBOR

Servicing Lender State

MI

Servicing Lender Zip

48104-1910

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

48335-2837

CD

MI-11

Jobs Reported

31

NAICS Code

541511

Race

Unanswered

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

715877.00

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

119903

Originating Lender

Bank of Ann Arbor

Originating Lender City

ANN ARBOR

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

722800.41

Forgiveness Date

04/26/2021

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