POWRACHUTE, LLC

PPP loan information & details

Business Information

Historical loan information does not establish current debt or wrongdoing. Missing values are shown as “Not reported”; recorded zeros remain zero. SBA source and field definitions.

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Business POWRACHUTE, LLC
Business Type Subchapter S Corporation
Business Category Turbine and Turbine Generator Set Units Manufacturing
Business Address 3001 W. Airport Road
Hastings MI 49058-9774
Jobs Retained 8
Loan Amount $111,200
Forgiveness Amount $111,824

Amount recorded as forgiven in the source. Do not subtract it from the approved amount to infer a current balance.

Loan Status Paid in Full

The source records this loan as paid in full. This status alone does not distinguish repayment from forgiveness.

Status date: Dec 8, 2020

Date Approved 04/08/2020
Lender Lake Michigan CU
5540 Glenwood Hills Pkwy SE
GRAND RAPIDS MI 49512-2044
Ethnicity Owned Unanswered
Gender of Owner Male Owned
Is Owner a Veteran? Non-Veteran