AIR COMPONENTS & ENGINEERING, INC. (MI) - 2020 PPP Loan Borrower Profile (# 6518167009)

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

6518167009

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$705,057.5

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$708,978.78

Date Loan was Forgiven

Nov 3, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,199.5

Payroll Proced

603,683

Rent Proceed

23,000

Health Care Proceed

75,175

Lender

Mercantile Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

423830

Borrower Location

WYOMING, MI

Project Location

WYOMING, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.