ARTS ENTERPRISES INC (MI) - 2020 PPP Loan Borrower Profile (# 2963247205)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ARTS ENTERPRISES 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

2963247205

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$12,300

Date Loan was Approved

Apr 16, 2020

Amount Forgiven

$12,448.27

Date Loan was Forgiven

Jul 9, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

600

Payroll Proced

9,300

Rent Proceed

2,400

Lender

Upper Peninsula State Bank

Business Detail

Business Type

Subchapter S Corporation

NAICS

236220

Borrower Location

ESCANABA, MI

Project Location

ESCANABA, MI

Rural/Urban

Rural

Hubzone

Labor Market Information (LMI)

Jobs Reported

Business Age Description

New Business or 2 years or less

Data Source: SBA.