Efd Induction, INC
$899,442 PPP Loan in Madison Heights, Michigan
Loan Details
- Loan Number
- 1570347303
- Date Approved
- Apr 28, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $899,442
- Current Approval
- $899,442
- Forgiveness Amount
- $903,839
- Forgiveness Date
- Nov 5, 2020
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Efd Induction, INC
- Address
- 31511 Dequindre Road
- City
- Madison Heights
- State
- Michigan
- ZIP Code
- 48071-1537
- Business Type
- Corporation
- Industry (NAICS)
- Manufacturing (333994)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 49
- Estimated Revenue
- $12.8M
- Rural/Urban
- Urban
- Congressional District
- MI-11
Loan Use Breakdown
- Payroll
- $850,000
- Utilities
- $9,442
- Mortgage Interest
- $40,000
Lender Information
- Servicing Lender
- Transportation Alliance Bank, Inc. D/b/a Tab Bank
- Originating Lender
- Transportation Alliance Bank, Inc. D/b/a Tab Bank
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