ALBAR INDUSTRIES INC. (MI) - 2020 PPP Loan Borrower Profile (# 4621538302)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALBAR INDUSTRIES 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

4621538302

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$1,441,150

Date Loan was Approved

Jan 23, 2021

Amount Forgiven

Date Loan was Forgiven

Loan Status

Exemption 4

Loan Term

60 Months

Utilities Proced

Payroll Proced

1,441,148

Lender

ChoiceOne Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

336310

Borrower Location

Lapeer, MI

Project Location

Lapeer, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

187

Business Age Description

Existing or more than 2 years old

Data Source: SBA.