Hydra-Fab INC

$104,150 PPP Loan in Eastpointe, Michigan

Loan Details

Loan Number
2373267701
Date Approved
May 1, 2020
Loan Status
Paid in Full
Initial Approval
$104,150
Current Approval
$104,150
Forgiveness Amount
$104,794
Forgiveness Date
Dec 15, 2020
Term
24 months
Draw
First Draw

Business Information

Business Name
Hydra-Fab INC
Address
14551 9 Mile Rd
ZIP Code
48021
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (332313)
Business Age
Existing or more than 2 years old
Jobs Reported
9
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MI-10

Loan Use Breakdown

Payroll
$83,321
Rent
$9,000
Utilities
$6,961
Health Care
$4,868

Lender Information

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

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