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Vertex Steel, INC

$726,600 PPP Loan in Milford, Michigan

Loan Details

Loan Number
1991618001
Date Approved
Jun 23, 2020
Loan Status
Paid in Full
Initial Approval
$726,600
Current Approval
$726,600
Forgiveness Amount
$736,315
Forgiveness Date
Oct 28, 2021
Term
60 months
Draw
First Draw

Business Information

Business Name
Vertex Steel, INC
Address
2175 Fyke Dr.
City
Milford
State
Michigan
ZIP Code
48381
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (331222)
Business Age
Existing or more than 2 years old
Jobs Reported
31
Estimated Revenue
$8.1M
Rural/Urban
Urban
Congressional District
MI-07

Loan Use Breakdown

Payroll
$726,600

Lender Information

Servicing Lender
Loan Source Incorporated
Originating Lender
Flagstar Bank National Association

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