ACRA GRINDING CO (MI) - 2020 PPP Loan Borrower Profile (# 7537157104)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACRA GRINDING CO. 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

7537157104

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$379,800

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$382,332

Date Loan was Forgiven

Dec 17, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

379,800

Lender

PNC Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

339999

Borrower Location

STERLING HEIGHTS, MI

Project Location

STERLING HEIGHTS, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.