AMERICAN FIFTH SPIRITS CO. (MI) - 2020 PPP Loan Borrower Profile (# 2485387304)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN FIFTH SPIRITS CO.. 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

2485387304

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$53,222

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$53,704.64

Date Loan was Forgiven

Apr 1, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

42,578

Mortgage Interest Proceed

5,322

Rent Proceed

5,322

Lender

Horizon Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

722511

Borrower Location

LANSING, MI

Project Location

LANSING, 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.