ABC GRINDING INC (MI) - 2020 PPP Loan Borrower Profile (# 1610877707)
Updated on April 18, 2025.
See below the business details and the detail of the 2020 PPP loan given to ABC GRINDING 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
1610877707
SBA Office Code
0515
Processing Method
PPP
Curent Loan Amount
$109,605
Date Loan was Approved
May 1, 2020
Amount Forgiven
$110,867.1
Date Loan was Forgiven
Jun 29, 2021
Loan Status
Paid in Full
Loan Term
24 Months
Payroll Proced
90,263
Health Care Proceed
19,342
Lender
JPMorgan Chase Bank, National Association
Business Detail
Business Type
Subchapter S Corporation
NAICS
531120
Borrower Location
DEARBORN HEIGHTS, MI
Project Location
DEARBORN HEIGHTS, MI
Rural/Urban
Urban
Hubzone
No
Labor Market Information (LMI)
No
Jobs Reported
6
Business Age Description
Existing or more than 2 years old
Data Source: SBA.
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