AMERICAN COOLING SYSTEMS, LLC (MI) - 2020 PPP Loan Borrower Profile (# 5726247107)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN COOLING SYSTEMS, LLC. 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

5726247107

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$383,895

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$387,904.57

Date Loan was Forgiven

Apr 28, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

38,389

Payroll Proced

307,117

Rent Proceed

38,389

Lender

Valley National Bank

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

332999

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.