Yates Industries Inc.

$2,247,700 PPP Loan in Saint Clair Shores, Michigan

Loan Details

Loan Number
3114817101
Date Approved
Apr 11, 2020
Loan Status
Paid in Full
Initial Approval
$2,247,700
Current Approval
$2,247,700
Forgiveness Amount
$2,275,234
Forgiveness Date
Jul 1, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Yates Industries Inc.
Address
23050 Industrial Dr East
ZIP Code
48080-1177
Business Type
Subchapter S Corporation
Industry (NAICS)
Manufacturing (333995)
Business Age
Existing or more than 2 years old
Jobs Reported
186
Estimated Revenue
$48.7M
Rural/Urban
Urban
Congressional District
MI-10

Loan Use Breakdown

Payroll
$1,798,244
Mortgage Interest
$449,456

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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