ALTUS INDUSTRIES, INC. (MI) - 2020 PPP Loan Borrower Profile (# 7470907109)

Updated on April 18, 2025.

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

7470907109

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$619,735

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$625,811.85

Date Loan was Forgiven

Apr 12, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

619,735

Lender

Fifth Third Bank

Business Detail

Business Type

Corporation

NAICS

337214

Borrower Location

GRAND RAPIDS, MI

Project Location

GRAND RAPIDS, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.