ADW INDUSTRIES INC (MI) - 2020 PPP Loan Borrower Profile (# 6568957008)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ADW INDUSTRIES 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

6568957008

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$65,920

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$66,404.02

Date Loan was Forgiven

Jan 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

7,458

Payroll Proced

25,092

Rent Proceed

10,000

Health Care Proceed

3,944

Debt Interest Proceed

19,426

Lender

Isabella Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

333924

Borrower Location

ALMA, MI

Project Location

ALMA, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.