AMERICAN SEATING COMPANY (MI) - 2020 PPP Loan Borrower Profile (# 7080347101)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN SEATING COMPANY. 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

7080347101

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$2,877,522

Date Loan was Approved

Apr 14, 2020

Amount Forgiven

$2,910,081.36

Date Loan was Forgiven

Jun 9, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

2,877,522

Lender

Bank of America, National Association

Business Detail

Business Type

Corporation

NAICS

336360

Borrower Location

GRAND RAPIDS, MI

Project Location

GRAND RAPIDS, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

220

Business Age Description

Unanswered

Data Source: SBA.