PPP Loan information for Valley steel company

$196,200

Valley steel company was initially approved for PPP Loan of amount $196,200, the current approved amount is $196,200. The loan was approved on 04/27/2020 by The 1st State Bank reported 18 jobs and $196,200 was used to fund payroll.

Valley steel company is Existing or more than 2 years old

PPP Loan Search / MI / SAGINAW / Valley steel company

VALLEY STEEL COMPANY

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

VALLEY STEEL COMPANY

Borrower Address

1322 KING ST

Borrower City

SAGINAW

Borrower State

MI

Borrower Zip

48602-1403

Loan Status Date

12/17/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

196200.00

Current Approval Amount

196200.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

378002

Servicing Lender Name

1st State Bank

Servicing Lender Address

4800 Fashion Square Blvd, Ste 100

Servicing Lender City

SAGINAW

Servicing Lender State

MI

Servicing Lender Zip

48604-2619

Rural Urban Indicator

R

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

SAGINAW

Project County Name

SAGINAW

Project State

MI

Project Zip

48602-1403

CD

MI-08

Jobs Reported

18

NAICS Code

238120

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

10000.00

Payroll Proceed

172600.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

3600

Business Type

Subchapter S Corporation

Originating Lender Location Id

378002

Originating Lender

1st State Bank

Originating Lender City

SAGINAW

Originating Lender State

MI

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

197290.00

Forgiveness Date

11/24/2020

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