PPP Loan information for Universal tool equipment and controls, inc.

$1,468,045

Universal tool equipment and controls, inc. was initially approved for PPP Loan of amount $1,468,045, the current approved amount is $1,468,045. The loan was approved on 04/14/2020 by The Oxford Bank reported 75 jobs and $1,468,045 was used to fund payroll.

Universal tool equipment and controls, inc. is Existing or more than 2 years old

PPP Loan Search / MI / STERLING HEIGHTS / Universal tool equipment and controls, inc.

UNIVERSAL TOOL EQUIPMENT AND CONTROLS, INC.

Date Approved

04/14/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

UNIVERSAL TOOL EQUIPMENT AND CONTROLS, INC.

Borrower Address

42409 VAN DYKE AVE

Borrower City

STERLING HEIGHTS

Borrower State

MI

Borrower Zip

48314-3200

Loan Status Date

04/10/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1468045.39

Current Approval Amount

1468045.39

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

36206

Servicing Lender Name

Oxford Bank

Servicing Lender Address

60 S Washington St

Servicing Lender City

OXFORD

Servicing Lender State

MI

Servicing Lender Zip

48371-4972

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

STERLING HEIGHTS

Project County Name

MACOMB

Project State

MI

Project Zip

48314-3200

CD

MI-10

Jobs Reported

75

NAICS Code

333999

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

1468045.39

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

36206

Originating Lender

Oxford Bank

Originating Lender City

OXFORD

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

1481420.91

Forgiveness Date

03/19/2021

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