Design Systems INC

$2,000,000 PPP Loan in Farmington Hills, Michigan

Loan Details

Loan Number
5899098409
Date Approved
Feb 9, 2021
Loan Status
Paid in Full
Initial Approval
$2,000,000
Current Approval
$2,000,000
Forgiveness Amount
$2,014,101
Forgiveness Date
Oct 28, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Design Systems INC
Address
38799 W 12 Mile Rd
ZIP Code
48331-2903
Business Type
Subchapter S Corporation
Industry (NAICS)
Professional, Scientific, and Technical Services (541330)
Business Age
Existing or more than 2 years old
Jobs Reported
164
Estimated Revenue
$20.2M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$1,999,997
Utilities
$1

Lender Information

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

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