5508 INC

$4,260,200 PPP Loan in Troy, Michigan

Loan Details

Loan Number
9121237208
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$4,260,200
Current Approval
$4,260,200
Forgiveness Amount
$4,313,216
Forgiveness Date
Jul 26, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
5508 INC
Address
1130 Livernois Rd.
City
Troy
ZIP Code
48083-2711
Business Type
Corporation
Industry (NAICS)
Administrative and Support and Waste Management (561710)
Business Age
Existing or more than 2 years old
Jobs Reported
358
Estimated Revenue
$77.5M
Rural/Urban
Urban
Congressional District
MI-11

Loan Use Breakdown

Payroll
$3,408,162
Mortgage Interest
$852,038

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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