ALBION ELEVATOR COMPANY (MI) - 2020 PPP Loan Borrower Profile (# 1008607203)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALBION ELEVATOR 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

1008607203

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$47,410

Date Loan was Approved

Apr 15, 2020

Amount Forgiven

$47,789.28

Date Loan was Forgiven

Feb 11, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

47,410

Lender

Southern Michigan Bank & Trust

Business Detail

Business Type

Corporation

NAICS

311119

Borrower Location

MARSHALL, MI

Project Location

MARSHALL, MI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.