PPP Loan information for Spectrum automation company

$316,872

Spectrum automation company was initially approved for PPP Loan of amount $316,872, the current approved amount is $316,872. The loan was approved on 06/29/2020 by The Independent Bank reported 18 jobs and $316,872 was used to fund payroll.

Spectrum automation company is Existing or more than 2 years old

PPP Loan Search / MI / LIVONIA / Spectrum automation company

SPECTRUM AUTOMATION COMPANY

Date Approved

06/29/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SPECTRUM AUTOMATION COMPANY

Borrower Address

34447 SCHOOLCRAFT RD

Borrower City

LIVONIA

Borrower State

MI

Borrower Zip

48150-1316

Loan Status Date

05/08/2021

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

316872.00

Current Approval Amount

316872.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

77961

Servicing Lender Name

Independent Bank

Servicing Lender Address

4200 East Beltline Ave NE

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49525-9783

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

LIVONIA

Project County Name

WAYNE

Project State

MI

Project Zip

48150-1316

CD

MI-12

Jobs Reported

18

NAICS Code

333922

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

0.00

Payroll Proceed

316872.00

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

77961

Originating Lender

Independent Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

319485.11

Forgiveness Date

04/29/2021

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