1 WAY SERVICE INC. (MI) - 2020 PPP Loan Borrower Profile (# 8120428500)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 1 WAY SERVICE INC.. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

8120428500

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$2,000,000

Date Loan was Approved

Mar 9, 2021

Amount Forgiven

$2,019,287.67

Date Loan was Forgiven

Mar 3, 2022

Loan Status

Paid in Full

Loan Term

60 Months

Payroll Proced

2,000,000

Lender

First Merchants Bank

Business Detail

Business Type

Cooperative

NAICS

238910

Borrower Location

Detroit, MI

Project Location

Detroit, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

121

Business Age Description

Existing or more than 2 years old

Data Source: SBA.