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Adaptive Energy, LLC

$362,500 PPP Loan in Ann Arbor, Michigan

Loan Details

Loan Number
8193687110
Date Approved
Apr 15, 2020
Loan Status
Paid in Full
Initial Approval
$362,500
Current Approval
$362,500
Forgiveness Amount
$367,888
Forgiveness Date
Oct 15, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Adaptive Energy, LLC
Address
5500 S State Rd
City
Ann Arbor
State
Michigan
ZIP Code
48108
Business Type
Limited Liability Company(llc)
Industry (NAICS)
Manufacturing (335999)
Business Age
New Business or 2 years or less
Jobs Reported
27
Estimated Revenue
$7.1M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$280,000
Rent
$50,000
Utilities
$10,000
Health Care
$22,500

Lender Information

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

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