AIR COMPONENTS & ENGINEERING INC. (MI) - 2020 PPP Loan Borrower Profile (# 3049898309)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AIR COMPONENTS & ENGINEERING 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

3049898309

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$705,057

Date Loan was Approved

Jan 21, 2021

Amount Forgiven

$708,978.28

Date Loan was Forgiven

Aug 16, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

705,055

Lender

Mercantile Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

423830

Borrower Location

Grand Rapids, MI

Project Location

Grand Rapids, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.