ALUMINUM RECOVERY TECHNOLOGIES INC (MI) - 2020 PPP Loan Borrower Profile (# 1105207802)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALUMINUM RECOVERY TECHNOLOGIES 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

1105207802

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$362,000

Date Loan was Approved

May 1, 2020

Amount Forgiven

$308,482.67

Date Loan was Forgiven

Feb 2, 2023

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

362,000

Lender

Fifth Third Bank

Business Detail

Business Type

NAICS

423510

Borrower Location

Detroit, MI

Project Location

Detroit, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.