AMERICAN LASERTOOL INC. (MI) - 2020 PPP Loan Borrower Profile (# 8895888308)

Updated on April 18, 2025.

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

8895888308

SBA Office Code

0515

Processing Method

PPS

Curent Loan Amount

$25,967.5

Date Loan was Approved

Jan 30, 2021

Amount Forgiven

$26,080.62

Date Loan was Forgiven

Jul 14, 2021

Loan Status

Paid in Full

Loan Term

60 Months

Utilities Proced

Payroll Proced

25,965.5

Lender

The Huntington National Bank

Business Detail

Business Type

Corporation

NAICS

332812

Borrower Location

Sterling Heights, MI

Project Location

Sterling Heights, 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.