ARMADA AUTO RECYCLING, INC. (MI) - 2020 PPP Loan Borrower Profile (# 1539417705)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARMADA AUTO RECYCLING, 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

1539417705

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$18,950

Date Loan was Approved

May 1, 2020

Amount Forgiven

$19,116.11

Date Loan was Forgiven

Mar 22, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

850

Payroll Proced

15,160

Rent Proceed

2,940

Lender

JPMorgan Chase Bank, National Association

Business Detail

Business Type

Subchapter S Corporation

NAICS

562920

Borrower Location

ARMADA, MI

Project Location

ARMADA, MI

Rural/Urban

Urban

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.