Solaronics Inc.

$400,000 PPP Loan in Auburn Hills, Michigan

Loan Details

Loan Number
1227538605
Date Approved
Mar 13, 2021
Loan Status
Paid in Full
Initial Approval
$400,000
Current Approval
$400,000
Forgiveness Amount
$402,466
Forgiveness Date
Oct 27, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Solaronics Inc.
Address
3720 Lapeer Rd
ZIP Code
48326-1732
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333994)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$7.9M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$399,998
Utilities
$1

Lender Information

Servicing Lender
The Huntington National Bank
Originating Lender
The Huntington National Bank

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