Michigan Chandelier Company

$644,095 PPP Loan in Southfield, Michigan

Loan Details

Loan Number
1721207207
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$644,095
Current Approval
$644,095
Forgiveness Amount
$648,110
Forgiveness Date
Dec 2, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Michigan Chandelier Company
Address
20855 Telegraph Rd
ZIP Code
48033
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423610)
Business Age
Existing or more than 2 years old
Jobs Reported
40
Estimated Revenue
$12.3M
Rural/Urban
Urban
Congressional District
MI-12

Loan Use Breakdown

Payroll
$396,638
Rent
$88,612
Utilities
$17,114
Health Care
$120,673
Debt Interest
$21,058

Lender Information

Servicing Lender
Jpmorgan Chase Bank, National Association
Originating Lender
Jpmorgan Chase Bank, National Association

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