ACU-TECH TOOL INC (MI) - 2020 PPP Loan Borrower Profile (# 2345398301)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ACU-TECH TOOL 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

2345398301

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$33,221.72

Date Loan was Approved

Jan 20, 2021

Amount Forgiven

$33,488.42

Date Loan was Forgiven

Nov 17, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

33,216.72

Lender

Fifth Third Bank

Business Detail

Business Type

Corporation

NAICS

332710

Borrower Location

Clinton Twp, MI

Project Location

Clinton Twp, 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.