ALBRECH AUCTION SERVICE, LLC (MI) - 2020 PPP Loan Borrower Profile (# 3517337300)

Updated on April 18, 2025.

See below the business details and the detail of the 2020 PPP loan given to ALBRECH AUCTION SERVICE, LLC. 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

3517337300

SBA Office Code

0515

Processing Method

PPP

Curent Loan Amount

$241,212

Date Loan was Approved

Apr 29, 2020

Amount Forgiven

$243,075.61

Date Loan was Forgiven

Feb 19, 2021

Loan Status

Paid in Full

Loan Term

24 Months

Utilities Proced

20,000

Payroll Proced

192,000

Rent Proceed

20,000

Health Care Proceed

9,212

Lender

Frankenmuth CU

Business Detail

Business Type

Limited Liability Company(LLC)

NAICS

561990

Borrower Location

VASSAR, MI

Project Location

VASSAR, MI

Rural/Urban

Rural

Hubzone

Yes

Labor Market Information (LMI)

Jobs Reported

Business Age Description

Existing or more than 2 years old

Data Source: SBA.