People's Transit, Ltd.
$282,400 PPP Loan in Romulus, Michigan
Loan Details
- Loan Number
- 2437467201
- Date Approved
- Apr 16, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $282,400
- Current Approval
- $282,400
- Forgiveness Amount
- $286,090
- Forgiveness Date
- Aug 11, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- People's Transit, Ltd.
- Address
- 29017 Highland Rd
- City
- Romulus
- State
- Michigan
- ZIP Code
- 48174
- Business Type
- Corporation
- Industry (NAICS)
- Transportation and Warehousing (485111)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 48
- Estimated Revenue
- $18.5M
- Rural/Urban
- Urban
- Congressional District
- MI-13
Loan Use Breakdown
- Payroll
- $225,920
- Rent
- $30,000
- Utilities
- $15,000
- Debt Interest
- $11,480
Lender Information
- Servicing Lender
- Jpmorgan Chase Bank, National Association
- Originating Lender
- Jpmorgan Chase Bank, National Association
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