PPP Loan information for Verndale products, inc.

$1,238,100

Verndale products, inc. was initially approved for PPP Loan of amount $1,238,100, the current approved amount is $1,238,100. The loan was approved on 04/27/2020 by The Comerica Bank reported 55 jobs and $1,238,100 was used to fund payroll.

Verndale products, inc. is Existing or more than 2 years old

PPP Loan Search / MI / Detroit / Verndale products, inc.

VERNDALE PRODUCTS, INC.

Date Approved

04/27/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

VERNDALE PRODUCTS, INC.

Borrower Address

8445 Lyndon Street

Borrower City

Detroit

Borrower State

MI

Borrower Zip

48238-2454

Loan Status Date

06/08/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

1238100.00

Current Approval Amount

1238100.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

33850

Servicing Lender Name

Comerica Bank

Servicing Lender Address

1717 Main St

Servicing Lender City

DALLAS

Servicing Lender State

TX

Servicing Lender Zip

75201-4612

Rural Urban Indicator

U

Hubzone Indicator

Y

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

Detroit

Project County Name

WAYNE

Project State

MI

Project Zip

48238-2454

CD

MI-13

Jobs Reported

55

NAICS Code

311514

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

990518.40

Mortgage Interest Proceed

247581.60

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

33850

Originating Lender

Comerica Bank

Originating Lender City

DALLAS

Originating Lender State

TX

Gender

Male Owned

Veteran

Non-Veteran

Non Profit

Forgiveness Amount

1251409.57

Forgiveness Date

05/24/2021

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