ALAN J. SCHRAM DPM PC (MI) - 2020 PPP Loan Borrower Profile (# 6303077706)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALAN J. SCHRAM DPM PC. 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

6303077706

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$42,530

Date Loan was Approved

May 1, 2020

Amount Forgiven

$42,878.4

Date Loan was Forgiven

Feb 25, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

42,530

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

621391

Borrower Location

ALLEN PARK, MI

Project Location

ALLEN PARK, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.