Tel X, INC

$528,010 PPP Loan in Garden City, Michigan

Loan Details

Loan Number
9354257204
Date Approved
Apr 28, 2020
Loan Status
Paid in Full
Initial Approval
$528,010
Current Approval
$528,010
Forgiveness Amount
$532,221
Forgiveness Date
Feb 17, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Tel X, INC
Address
32400 Ford Rd
ZIP Code
48135
Business Type
Corporation
Industry (NAICS)
Manufacturing (332322)
Business Age
Existing or more than 2 years old
Jobs Reported
32
Estimated Revenue
$7.8M
Rural/Urban
Urban
Congressional District
MI-12

Loan Use Breakdown

Payroll
$393,801
Rent
$34,600
Utilities
$26,923
Health Care
$64,194
Debt Interest
$8,492

Lender Information

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

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