AHB TOOL & MACHINERY LLC (MI) - 2020 PPP Loan Borrower Profile (# 4493807004)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AHB TOOL & MACHINERY LLC. 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

4493807004

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$1,014,100

Date Loan was Approved

Apr 3, 2020

Amount Forgiven

$1,021,268.92

Date Loan was Forgiven

Feb 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,000

Payroll Proced

934,400

Rent Proceed

42,700

Debt Interest Proceed

34,000

Lender

1st State Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

423840

Borrower Location

SAGINAW, MI

Project Location

SAGINAW, MI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.