ADLERS SERVICE, INC. DBA ADLERS TOWING (MI) - 2020 PPP Loan Borrower Profile (# 1760047700)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADLERS SERVICE, INC. DBA ADLERS TOWING. 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

1760047700

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$170,000

Date Loan was Approved

May 1, 2020

Amount Forgiven

$171,254.13

Date Loan was Forgiven

Jan 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

6,000

Payroll Proced

144,000

Rent Proceed

12,000

Health Care Proceed

3,000

Debt Interest Proceed

5,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

488410

Borrower Location

PONTIAC, MI

Project Location

PONTIAC, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

140

Business Age Description

Existing or more than 2 years old

Data Source: SBA.