Griggs Steel Company

$510,400 PPP Loan in Troy, Michigan

Loan Details

Loan Number
5870787001
Date Approved
Apr 6, 2020
Loan Status
Paid in Full
Initial Approval
$510,400
Current Approval
$510,400
Forgiveness Amount
$515,873
Forgiveness Date
May 12, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Griggs Steel Company
Address
1200 Souter Dr
City
Troy
ZIP Code
48083-2837
Business Type
Subchapter S Corporation
Industry (NAICS)
Wholesale Trade (423510)
Business Age
Existing or more than 2 years old
Jobs Reported
30
Estimated Revenue
$9.2M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$408,378
Mortgage Interest
$102,022

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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