AMERICAN CHEMICAL TECHNOLOGIES, INC. (MI) - 2020 PPP Loan Borrower Profile (# 6702617209)

Updated on April 18, 2025.

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

6702617209

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$811,200

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$832,989.73

Date Loan was Forgiven

Dec 28, 2022

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

649,000

Mortgage Interest Proceed

162,200

Lender

Comerica Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

325998

Borrower Location

Fowlerville, MI

Project Location

Fowlerville, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.