Detroit Manufacturing Systems, LLC
$10,000,000 PPP Loan in Detroit, Michigan
Loan Details
- Loan Number
- 2281137101
- Date Approved
- Apr 10, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $10,000,000
- Current Approval
- $8,185,662
- Forgiveness Amount
- $8,294,850
- Forgiveness Date
- Aug 16, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Detroit Manufacturing Systems, LLC
- Address
- 12701 Southfield Road Building a
- City
- Detroit
- State
- Michigan
- ZIP Code
- 48223-3599
- Business Type
- Limited Liability Company(llc)
- Industry (NAICS)
- Manufacturing (336360)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 500
- Estimated Revenue
- $130.9M
- Rural/Urban
- Urban
- Congressional District
- MI-12
Loan Use Breakdown
- Payroll
- $6,250,613
- Rent
- $409,941
- Utilities
- $206,655
- Health Care
- $1,318,453
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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|---|---|---|
| Crain Communications Inc. | $10,000,000 |  Research |
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| Ideal Contracting L.l.c. | $10,000,000 | Research |
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