PPP Loan information for Burroughs inc
$9,187,115
Burroughs inc was initially approved for PPP Loan of amount $9,187,115, the current approved amount is $9,187,115. The loan was approved on 04/13/2020 by The The State Bank reported 250 jobs and $9,187,115 was used to fund payroll.
Burroughs inc is Existing or more than 2 years old
BURROUGHS INC
Date Approved
04/13/2020
SBA Office Code
0515
Processing Method
PPP
Borrower Name
BURROUGHS INC
Borrower Address
38505 COUNTRY CLUB DR
Borrower City
FARMINGTON HILLS
Borrower State
MI
Borrower Zip
48331-3403
Loan Status Date
07/14/2021
Loan Status
Paid in Full
Term
24
SBA Guaranty Percentage
100
Initial Approval Amount
9187115.00
Current Approval Amount
9187115.00
Undisbursed Amount
0.00
Franchise Name
Servicing Lender Location Id
34774
Servicing Lender Name
The State Bank
Servicing Lender Address
101 N Leroy St
Servicing Lender City
FENTON
Servicing Lender State
MI
Servicing Lender Zip
48430-3804
Rural Urban Indicator
U
Hubzone Indicator
N
HLMI Indicator
N
Business Age Description
Existing or more than 2 years old
Project City
FARMINGTON HILLS
Project County Name
OAKLAND
Project State
MI
Project Zip
48331-3403
CD
MI-11
Jobs Reported
250
NAICS Code
811211
Race
Unanswered
Ethnicity
Unknown/NotStated
Utilities Proceed
0.00
Payroll Proceed
9187115.00
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
34774
Originating Lender
The State Bank
Originating Lender City
FENTON
Originating Lender State
MI
Gender
Unanswered
Veteran
Unanswered
Non Profit
Forgiveness Amount
9292326.34
Forgiveness Date
06/16/2021