AIR-WAY MANUFACTURING COMPANY (MI) - 2020 PPP Loan Borrower Profile (# 1309697103)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AIR-WAY MANUFACTURING COMPANY. 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

1309697103

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$3,941,077

Date Loan was Approved

Apr 10, 2020

Amount Forgiven

$3,986,780.36

Date Loan was Forgiven

Jun 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

252,500

Payroll Proced

3,004,912

Mortgage Interest Proceed

118,665

Rent Proceed

Refinance EIDL Proceed

Health Care Proceed

527,000

Debt Interest Proceed

38,000

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Corporation

NAICS

332912

Borrower Location

Olivet, MI

Project Location

Olivet, MI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

387

Business Age Description

Existing or more than 2 years old

Data Source: SBA.