CAPITAL INDUCTION INC

Summary of PPP (Paycheck Protection Program) Loan approved to CAPITAL INDUCTION INC by First State Bank. The loan was approved on 4/27/2020 in the range of $150,000-350,000.

Business Information

Name:

CAPITAL INDUCTION INC

6505 DIPLOMAT DR
STERLING HEIGHTS, MI 48314
Business type: Subchapter S Corporation
Computer and Electronic Product Manufacturing
→ Capacitor, Resistor, Coil, Transformer, and Other Inductor Manufacturing
Non-profit: No
Loan amount: $150,000-350,000
(50 Jobs retained)
Date approved: April 27, 2020
Lender First State Bank

Note: Only loans exceeding $150,000 are displayed here. Businesses receiving PPP loans less than $150,000 are excluded. Additionally, borrowers that received PPP loans but have since return it, are also excluded.

The Paycheck Protection Program prioritizes millions of Americans employed by small businesses by authorizing up to $659 billion toward job retention and certain other expenses. Read more information about the Paycheck Protection Program or the CARES Act.