PPP Loan information for Vconverter corporation

$895,000

Vconverter corporation was initially approved for PPP Loan of amount $895,000, the current approved amount is $895,000. The loan was approved on 04/20/2021 by The Citizens Bank, National Association reported 93 jobs and $895,000 was used to fund payroll.

Vconverter corporation is Existing or more than 2 years old

PPP Loan Search / MI / Novi / Vconverter corporation

VCONVERTER CORPORATION

Date Approved

04/20/2021

SBA Office Code

0515

Processing Method

PPS

Borrower Name

VCONVERTER CORPORATION

Borrower Address

43700 Gen Mar

Borrower City

Novi

Borrower State

MI

Borrower Zip

48375-1667

Loan Status Date

01/15/2022

Loan Status

Paid in Full

Term

60

SBA Guaranty Percentage

100

Initial Approval Amount

895000.00

Current Approval Amount

895000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

434162

Servicing Lender Name

Citizens Bank, National Association

Servicing Lender Address

1 Citizens Plaza

Servicing Lender City

PROVIDENCE

Servicing Lender State

RI

Servicing Lender Zip

02903-1344

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

Novi

Project County Name

OAKLAND

Project State

MI

Project Zip

48375-1667

CD

MI-06

Jobs Reported

93

NAICS Code

331221

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

1.00

Payroll Proceed

894996.00

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

434162

Originating Lender

Citizens Bank, National Association

Originating Lender City

PROVIDENCE

Originating Lender State

RI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

900468.08

Forgiveness Date

12/14/2021

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