PPP Loan information for Somat engineering, inc.

$1,145,000

Somat engineering, inc. was initially approved for PPP Loan of amount $1,145,000, the current approved amount is $1,145,000. The loan was approved on 04/30/2020 by The Comerica Bank reported 82 jobs and $1,145,000 was used to fund payroll.

Somat engineering, inc. is Existing or more than 2 years old

PPP Loan Search / MI / DETROIT / Somat engineering, inc.

SOMAT ENGINEERING, INC.

Date Approved

04/30/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SOMAT ENGINEERING, INC.

Borrower Address

3031 GRAND BLVD Suite 228

Borrower City

DETROIT

Borrower State

MI

Borrower Zip

48202-3015

Loan Status Date

12/07/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1145000.00

Current Approval Amount

1145000.00

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

Y

Business Age Description

Existing or more than 2 years old

Project City

DETROIT

Project County Name

WAYNE

Project State

MI

Project Zip

48202-3015

CD

MI-13

Jobs Reported

82

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

916009.78

Mortgage Interest Proceed

228990.22

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1162270.42

Forgiveness Date

11/08/2021

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