Logic Solutions INC

$396,562 PPP Loan in Ann Arbor, Michigan

Loan Details

Loan Number
2324287700
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$396,562
Current Approval
$396,562
Forgiveness Amount
$399,434
Forgiveness Date
Jan 25, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Logic Solutions INC
Address
2929 Plymouth Rd. Ste 207
ZIP Code
48105
Business Type
Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541512)
Business Age
Existing or more than 2 years old
Jobs Reported
28
Estimated Revenue
$5.8M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$322,562
Rent
$28,000
Utilities
$1,000
Health Care
$33,000
Debt Interest
$12,000

Lender Information

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

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