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Porter Systems INC

$851,500 PPP Loan in Novi, Michigan

Loan Details

Loan Number
9515677410
Date Approved
May 20, 2020
Loan Status
Paid in Full
Initial Approval
$851,500
Current Approval
$851,500
Forgiveness Amount
$862,782
Forgiveness Date
Sep 16, 2021
Term
24 months
Draw
First Draw

Business Information

Business Name
Porter Systems INC
Address
28700 Cabot Dr
City
Novi
State
Michigan
ZIP Code
48377-2937
Business Type
Corporation
Industry (NAICS)
Manufacturing (332312)
Business Age
Existing or more than 2 years old
Jobs Reported
52
Estimated Revenue
$12.7M
Rural/Urban
Urban
Congressional District
MI-06

Loan Use Breakdown

Payroll
$681,278
Mortgage Interest
$170,222

Lender Information

Servicing Lender
Comerica Bank
Originating Lender
Comerica Bank

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