Melco, INC

$2,218,000 PPP Loan in Southfield, Michigan

Loan Details

Loan Number
2312727301
Date Approved
Apr 29, 2020
Loan Status
Paid in Full
Initial Approval
$2,218,000
Current Approval
$2,218,000
Forgiveness Amount
$2,247,142
Forgiveness Date
Aug 23, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Melco, INC
Address
21400 Telegraph Rd
ZIP Code
48033-4245
Business Type
Corporation
Industry (NAICS)
Accommodation and Food Services (722511)
Business Age
Existing or more than 2 years old
Jobs Reported
450
Estimated Revenue
$79.9M
Rural/Urban
Urban
Congressional District
MI-12

Loan Use Breakdown

Payroll
$1,774,400
Mortgage Interest
$443,600

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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