5508 INC (MI) - 2020 PPP Loan Borrower Profile (# 9121237208)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to 5508 INC. The Paycheck Protection Program (PPP) loan was intended to provide incentives for small businesses to keep their workers on payroll.

You can see similar information for other borrowers in Michigan.

Loan Detail

Loan Number

9121237208

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$4,260,200

Date Loan was Approved

Apr 28, 2020

Amount Forgiven

$4,313,215.82

Date Loan was Forgiven

Jul 26, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Payroll Proced

3,408,162

Mortgage Interest Proceed

852,038

Lender

Comerica Bank

Business Detail

Business Type

Corporation

NAICS

561710

Borrower Location

Troy, MI

Project Location

Troy, MI

Rural/Urban

Urban

Hubzone

Yes

Labor Market Information (LMI)

Yes

Jobs Reported

358

Business Age Description

Existing or more than 2 years old

Data Source: SBA.