PPP Loan information for Systematic manufacturing, inc.

$215,800

Systematic manufacturing, inc. was initially approved for PPP Loan of amount $215,800, the current approved amount is $215,800. The loan was approved on 04/27/2020 by The First Merchants Bank reported 18 jobs and $215,800 was used to fund payroll.

Systematic manufacturing, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Sterling Heights / Systematic manufacturing, inc.

SYSTEMATIC MANUFACTURING, INC.

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SYSTEMATIC MANUFACTURING, INC.

Borrower Address

6350 Wall Street

Borrower City

Sterling Heights

Borrower State

MI

Borrower Zip

48312-1073

Loan Status Date

03/17/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

215800.00

Current Approval Amount

215800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

24037

Servicing Lender Name

First Merchants Bank

Servicing Lender Address

200 E Jackson St

Servicing Lender City

MUNCIE

Servicing Lender State

IN

Servicing Lender Zip

47305-2835

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Sterling Heights

Project County Name

MACOMB

Project State

MI

Project Zip

48312-1073

CD

MI-10

Jobs Reported

18

NAICS Code

541330

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

215800.00

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

24037

Originating Lender

First Merchants Bank

Originating Lender City

MUNCIE

Originating Lender State

IN

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

217544.14

Forgiveness Date

02/17/2021

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