AMERICAN VEHICLE AUTO AUCTION, INC. (MI) - 2020 PPP Loan Borrower Profile (# 6953747000)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to AMERICAN VEHICLE AUTO AUCTION, 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

6953747000

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$127,200

Date Loan was Approved

Apr 7, 2020

Amount Forgiven

$128,025.93

Date Loan was Forgiven

Dec 9, 2020

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

3,000

Payroll Proced

119,200

Mortgage Interest Proceed

5,000

Lender

Eastern Michigan Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

441228

Borrower Location

PORT HURON, MI

Project Location

PORT HURON, 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.