AIR CONDITIONING PRODUCTS CO. (MI) - 2020 PPP Loan Borrower Profile (# 4745287305)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AIR CONDITIONING PRODUCTS CO.. 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

4745287305

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$443,800

Date Loan was Approved

Apr 30, 2020

Amount Forgiven

$396,971.67

Date Loan was Forgiven

Dec 30, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

355,110

Mortgage Interest Proceed

88,690

Lender

Comerica Bank

Business Detail

Business Type

Corporation

NAICS

332322

Borrower Location

ROMULUS, MI

Project Location

ROMULUS, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.