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United Towing INC

$375,000 PPP Loan in Dearborn, Michigan

Loan Details

Loan Number
2862857702
Date Approved
May 1, 2020
Loan Status
Charged Off
Initial Approval
$375,000
Current Approval
$375,000
Forgiveness Amount
$0
Forgiveness Date
N/A
Term
4 months
Draw
First Draw

Business Information

Business Name
United Towing INC
Address
601 Woodcrest Dr
City
Dearborn
State
Michigan
ZIP Code
48124
Business Type
Corporation
Industry (NAICS)
Transportation and Warehousing (488410)
Business Age
Existing or more than 2 years old
Jobs Reported
48
Estimated Revenue
<$5M
Rural/Urban
Urban
Congressional District
MI-12

Loan Use Breakdown

Payroll
$350,000
Rent
$10,000
Utilities
$5,000
Health Care
$5,000
Mortgage Interest
$2,500
Debt Interest
$2,500

Lender Information

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

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