Somat Engineering, Inc.
$1,145,000 PPP Loan in Detroit, Michigan
Loan Details
- Loan Number
- 4670017310
- Date Approved
- Apr 30, 2020
- Loan Status
- Paid in Full
- Initial Approval
- $1,145,000
- Current Approval
- $1,145,000
- Forgiveness Amount
- $1,162,270
- Forgiveness Date
- Nov 8, 2021
- Term
- 24 months
- Draw
- First Draw
Business Information
- Business Name
- Somat Engineering, Inc.
- Address
- 3031 Grand Blvd Suite 228
- City
- Detroit
- State
- Michigan
- ZIP Code
- 48202-3015
- Business Type
- Corporation
- Industry (NAICS)
- Professional, Scientific, and Technical Services (541330)
- Business Age
- Existing or more than 2 years old
- Jobs Reported
- 82
- Estimated Revenue
- $10.1M
- Rural/Urban
- Urban
- Congressional District
- MI-13
Loan Use Breakdown
- Payroll
- $916,010
- Mortgage Interest
- $228,990
Lender Information
- Servicing Lender
- Comerica Bank
- Originating Lender
- Comerica Bank
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